For each of the following entries, select the letter of the explanation that most closely describes it in the space beside each em can use letters more than once) A. To record receipt of unearned revenue. B. To record this period's earning of prior unearned revenue C. To record payment of an accrued expense D. To record receipt of an accrued revenue. E. To record an accrued expense. F. To record an accrued revenue. G. To record this period's use of a prepaid expense. H. To record payment of a prepaid expense, 1. To record this period's depreciation expense. Explanation Credit Journal Entries Uneamed Professional Fees Professional Fees Eamed Debit 1,500 1,500 Insurance Expense Prepaid Insurance 4.400 4.400 Salates Payable Cash 3,000 3.800 Prepaid Rent Cash 5,000 5.000 Sanes Expense Sales Payable 2.000 2.000 Interest Recewable Interest Revenue 4.500 4,500 4,400 Insurance Expense Prepaid Insurance 4,400 3.800 Salaries Payable Cash 3.800 5,000 Prepaid Rent Cash 5,000 2,000 Salaries Expense Salaries Payable 2.000 4,900 Interest Receivable Interest Revenue 4.900 6,400 Cash Accounts Receivable (from consulting) 6,400 6.000 Cash Unearned Professional Fees 6,000 8.600 Cash Interest Receivable 8,600 7.000 Rent Expense Prepaid Rent 7.000 Interest Expense Interest Payable 1.400 1.400 Depreciation Expense Accumulated Depreciation 1.200 1.200