7 For journal entries 1 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. 8035641 Entry Explanation Credit Dobit 1,500 1 1,500 2 5,000 5,000 3 4.700 4,700 4 4,400 4,400 1,300 1,300 6 Journal Entries Salaries Expense Salaries Payable Interest Receivable Interest Revenue Cash Accounts Receivable (from consulting) Cash Uneamed Revenue Cash Interest Receivable Rent Expense Prepaid Rent Interest Expense Interest Payable Depreciation Expenso Accumulated Depreciation Uneamed Revenue Services Revenue Insurance Expense Prepaid Insurance Salaries Payable Cash Prepaid Rent 4,800 4,800 7 5,900 5.900 8 4.400 4.400 g 8,400 8.400 10 6,400 6,400 11 1.700 1,700 1.4001 M