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plain why the alternative sets of entries in requirements 1 and 2 do not result in different financial statement amounts. 3. Ex For each of
plain why the alternative sets of entries in requirements 1 and 2 do not result in different financial statement amounts. 3. Ex For each of the following journale describes it in the space beside each e A. To record payment of a prepaid expense. B. To C. To record this period's depreciation expense. D. To record receipt of unearned revenue. E. To record this period's earning of prior ntry. (You can use letters more than once.) F. To record an accrued expense. G. To record payment of an accrued expense. H. To record an accrued revenue. To record receipt of accrued revenue. record this period's use of a prepaid expense. unearned revenue. 1. Interest Receivable. 2. Salaries Payable . -3. Depreciation Expense 3,500 9,000 8,000 9,000 4,000 3,500 9,000 8,000 9,000 4,000 Interest Revenue Cash Accumulated Depreciation 4. Cash 5.-Insurance Expense 6. Interest Expense Prepaid Insurance . Interest Payable Accounts Receivable (from services) Salaries Payable 5,000 -7. Cash 1,500 7,000 1,000 7.000 8. . 1,000
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