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UNULICO CICCUSTOM TAU 2. The Prepaid Insurance account had a $6,000 debit balance at December 31, 2015, before adjusting for the costs of any expired

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UNULICO CICCUSTOM TAU 2. The Prepaid Insurance account had a $6,000 debit balance at December 31, 2015, before adjusting for the costs of any expired coverage. An analysis of the company's Insurance policies showed that $1,100 of unexpired insurance coverage remains. (QS 3-5) Debit insurance expense Credit prepaid inscrance 3. The Office Supplies account had a $700 debit balance on December 31, 2014; and $3,480 of office supplies were purchased during the year. The December 31, 2015, physical count showed $300 of supplies available, (QS 3-6) Debit office supplies expense Creait office supplies 4. Two-thirds of the work related to $15,000 of cash received in advance was performed this period. (QS 3-10) debit uneamed fee revenue Credit fee revence (Tou Call use letters more than once.) A. To record receipt of uneared 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. 1,000 1.000 2. 4,000 4,000 3. 3.000 3,000 4.200 4200 Interest Expense Interest Payable.... Depreciation Expense....... Accumulated Depreciation .. Unearned Professional Fees .. Professional Fees Earned Insurance Expense........ Prepaid Insurance. Salaries Payable ........ Cash ..... . Prepaid Rent .. . Cash Salaries Expense ... Salaries Payable... Interest Receivable .... Interest Revenue Cash. . Accounts Receivable (from consulting) ...... 1.400 6.000 6,000 5.000 5,000 9.000 9,000 7.500 Unearned Professional Fees 7.500 2.000 Interest Receivable.... Rent Expense Prepaid Rent 2.000 2.000 2.000

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