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need help 1 Problem 3 - 1 A ( Algo ) Identifying adJusting entries with explanations LO P 1 , P 2 , P 3
need help
Problem A Algo Identifying adJusting entries with explanations LO P P P P
For journal entries through indicate the explanation that most closely describes it You can use explanations more than once.
points
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 prepsid expense.
H To record psyment of a prepaid expense.
I. To record this period's depreciation expense.
Answer is complete but not entirely correct.
tableEntryExplanation,,Journal Entrles,Deblt,CredltCtheta Salaries Payabla,CashAxPrepaid Rent,CashCxSalaries Expense,Salaries Payable,,DxInterest Receivable,Interest Revenue,,Dtheta Cask,Accounts Recesivable from consultingAOCasch,Unesarned Revenue,,Dtheta Casin,Interest Receivable,,BI,xRent Expense,Prepaid Rent,,Etheta Interest Expense,Interest Payable,,I,theta Depreciation Expense,Accumulated Depreciation,,BUnearned Revenue,Services Revenue,,Insurance Expense,Goo Prepaid Insurance,,
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