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. ook F. To record an accrued revenue.. int ences 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 Rent Expense 1 1,100 Prepaid Rent 1,100 Interest Expense 2 3,100 Interest Payable 3,100 Depreciation Expense 4,600 3 Accumulated Depreciation. 4,600 Unearned Revenue 4,400 4 Services Revenue 4,400 50 16 Insurance Expense Prepaid Insurance Salaries Payable 1,300 1,300) 3,000 < Prev 1 of 5 Next >