For journal entries 1 through 12, select 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 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 Credit Debit 1,300 Interest Expense Interest Payable 1.300 4.400 Depreciation Expense Accumulated Depreciation 4.400 3.600 Unearned Professional Fees Professional Fees Earned 3,600 3.700 Insurance Expense Prepaid Insurance 3.700 2,000 Salaries Payable Cash 2,000 4,500 Prepaid Rent Cash 4.500 5,600 Salaries Expense Salaries Payable 5,600 5.400 Interest Receivable Interest Revenue 5.400 8.200 Cash Accounts Receivable (from consulting) 6.200 7.100 Cash Unearned Professional Fees 7.100 2.200 Cash Interest Receivable 2.200 2.100 Rent Expense Prepaid Rent 2.100