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. 8. To record an accrued revenue. 9. To record receipt of accrued revenue. 1 Interest Receivable 3,500 9,000 8,000 9,000 Interest Revenue 3,500 _2. Salarles Payable 9,000 8000 9,000 4,000 5,000 I,500 7,000 1,000 3. Depreclation Expense S. Insurance Bopense 6Interest Expense 7. Cash Unearned Professional Foes Prepaid Insurance Interest Payable Accounts Recelvable (from services) 5.000 1,500 7,000 1,000 3,000 -8. Salanes Expense laries Payable 9. Cash. Interest Receivable .10. Prepaid Rene Cash 3,000 II. Rent Expense 7.500 Prepaid Rent 7.,500 12. Uneaned Professional Feas.. 6000 Professional Foes Earned