For journal entries 1 through 10, identify the explanation that mostly closely describes it. A. To record this period's depreciation expense. B. To record accrued salaries expense. C. To record this period's use of a prepaid expense. D. To record accrued interest revenue. E. To record accrued interest expense. F. To record the earning of previously unearned income. G. To record cash receipt of unearned revenue. H. To record cash payment of an accrued expense. 1. To record cash receipt of an accrued revenue. J. To record cash payment of a prepaid expense. Explanation E Accounts Payable Cash Cash Journal Entries Accounts Receivable (from services) Prepaid Rent Cash Insurance Expense Prepaid Insurance Interest Receivable Interest Revenue Interest Expense Debit 1,700 12,300 500 3,180 3,300 2,208 Credit 1,700 12,300 500 3,180 3,300 Explanation E LL G H A Accounts Payable Cash Cash Journal Entries Accounts Receivable (from services) Prepaid Rent Cash Insurance Expense Prepaid Insurance Interest Receivable Interest Revenue Interest Expense Interest Payable Depreciation Expense Accumulated Depreciation Salaries Expense Cash Salaries Payable Unearned Revenue Services Revenue Unearned Revenue Debit 1,700 12,300 500 3,180 3,300 2,208 38,217 13,280 19,250 4,200 Credit 1,700 12,300 500 3,180 3,300 2,208 38,217 13,280 19,250 4,200