For each of the following entries, enter the letter of the explanation that most closely describes it in the space beside each entry. (You can use letters more than once.) 1. To record payment of a prepaid expense. 2. To record this period's use of a prepaid expense. 3. To record this period's depreciation expense. 4. To record receipt of unearned revenue. 5. To record this period's earning of prior unearned revenue. 6. To record an accrued expense. 7. To record payment of an accrued expense. an accrued revenue. 9. To record receipt of accrued revenue. I Interest Recelvable 3,500 Interest Revenue . 3,500 2 Salaries Payable 9,000 8,000 9,000 4,000 5,000 1,500 7,000 1,000 3,000 Cash 9,000 3. Depreciation Expense 8,000 4. Cash Unearned Professional Foos 9,000 Insurance Expense 4,000 5,000 1,500 7,000 -6. Interest Expense Interest Payable Accounts Receivable (from services) Salaries Payable .. Interest Recelvable 8 Salaries Expense 1,000 10. Prepaid Rene 3,000 11. Rent Expense 7,500 Prepaid Rent 7.500 6,000 Professional Fees Earned 6,000