For journal entries 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. Explanation Entry 1 Credit Journal Entries Cash Uneamed Revenu Debit 1,100 1,100 2 Cash Interest Receivable 3,400 3,400 3 Rent Expense Prepaid Rent 3,900 3,900 4 Interest Expense OU 4,500 Ann Interest Payable 4,500 5 5 Depreciation Expense Accumulated Depreciation 1,800 1,800 6 Uneamed Revenue Services Revenue 4,700 4,700 7 Insurance Expense Prepaid Insurance 6,300 6,300 B 8 Salaries Payable Cash 5,700 5,700 9 Prepaid Rent Cash 8,600 8,600 10 Salaries Expense Salaries Payable 7,300 7,300 11 Interest Receivable Interest Revenue 1,900 1,900 12 Cash Accounts Receivable (from consulting) 1,600 1,600 For journal entries 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. Explanation Entry 1 Credit Journal Entries Cash Uneamed Revenu Debit 1,100 1,100 2 Cash Interest Receivable 3,400 3,400 3 Rent Expense Prepaid Rent 3,900 3,900 4 Interest Expense OU 4,500 Ann Interest Payable 4,500 5 5 Depreciation Expense Accumulated Depreciation 1,800 1,800 6 Uneamed Revenue Services Revenue 4,700 4,700 7 Insurance Expense Prepaid Insurance 6,300 6,300 B 8 Salaries Payable Cash 5,700 5,700 9 Prepaid Rent Cash 8,600 8,600 10 Salaries Expense Salaries Payable 7,300 7,300 11 Interest Receivable Interest Revenue 1,900 1,900 12 Cash Accounts Receivable (from consulting) 1,600 1,600