For journal entries 1 through 12, indicate the explanation that most closely describes it. You can use explanations 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. Entry Explanation Journal Entries Debit Credit Cash 1,100 1 Unearned Revenue 1,100 Cash 3,400 2 Interest Receivable 3,400 3 Rent Expense Prepaid Rent 3,900 3,900 Interest Expense 4,500 4 Interest Payable 4,500 Depreciation Expense 1,800 5 Accumulated Depreciation 1,800 Unearned Revenue 4,700 6 Services Revenue 4,700 Insurance Expense 6,300 7 Prepaid Insurance 6,300 Salaries Payable 5,700 8 Cash 5.700 10 10 " 9 11 Prepaid Rent Cash Salaries Expense Salaries Payable Interest Receivable 8,000 8.600 7,300 7,300 1.900 Interest Revenue 1,900 12 Cash 1,000 12 Accounts Receivable (from consulting) 1,600