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. I. To record this period's depreciation expense. Credit Entry Explanation Journal Entries 1 Depreciation Expense Accumulated Depreciation Debit 1,900 1,900 2 3,100 Unearned Professional Fees Professional Fees Earned 3,100 3 4,600 Insurance Expense Prepaid Insurance 4,600 4 G 4,400 Salaries Payable Cash 4,400 5 1,600 Prepaid Rent Cash 1,600 6 4,100 Salaries Expense Salaries Payable 4,100 7 6,300 Interest Receivable Interest Revenue 6,300 8 6,000 Cash Accounts Receivable (from consulting) 6,000 9 8,600 Cash Unearned Professional Fees 8,600 10 6,500 Cash Interest Receivable 6,500 11 1,900 Rent Expense Prepaid Rent 1,900 12 1,900 Interest Expense Interest Payable 1,900