For each of the following journal entries 1 through 12, enter the letter of the explanation that most closely describes it in the space beside each entry. (You can use letters more than once.) A. To record payment of a prepaid expense. B. To record this period's use of a prepaid expense. C. To record this period's depreciation expense. D. To record receipt of unearned revenue. E. To record this period's earning of prior unearned revenue. F. To record an accrued expense. G. To record payment of an accrued expense. H. To record an accrued revenue. I. To record receipt of accrued revenue. Interest Receivable 3,500 Interest Revenue 3,500 2. Salaries Payable 9,000 Cash 9,000 3. Depreciation Expense 8,000 Accumulated Depreciation 8,000 4. Cash 9,000 Unearned Professional Fees 9,000 5 Insurance Expense 4,000 Prepaid Insurance 4,000 6. Interest Expense 5,000 Interest Payable 5,000 7 Cash 1,500 Accounts Receivable (from services) 1,500 8. Salaries Expense 7,000 Salaries Payable 7,000 9 Cash 1,000 Interest Receivable 1,000 10. Prepaid Rent 3,000 Cash 3,000 11. Rent Expense 7,500 Prepaid Rent 7,500 12. Unearned Professional Fees 6,000 Professional Fees Earned. 6,000