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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
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 receipt of unearned revenue. B. To record this period's earning of prior E. To record an accrued expense. F. To record an accrued revenue. G. To record this period's use of a prepaid expense. unearned revenue C. To record payment of an accrued expense. H. To record payment of a prepaid expense D. To record receipt of an accrued revenue. I. To record this period's depreciation expense
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