For each entry (1) to (12) below, enter the letter of the explanation that describes it in
Question:
a. To record depreciation expense.
b. To record an accrued expense.
c. To record the use of a prepaid expense.
d. To record accrued revenue.
e. To record the earning of previously unearned revenue.
f. Not an adjusting entry.
Transcribed Image Text:
1. Depreciation Expense.. 3,000 2,000 1,000 4,000 3,500 e5,000 7. Insurance Expense 8. Salaries Payabl.... 9. Cash Accumulated Depreciation Professional Fees Earned.... Prepaid Rent. Interest Payable Cash Salaries Payable 3,000 2,000 1,000 4,000 3,500 5,000 6,000 1,500 6,500 9,000 7,000 8,000 Prepaid Insurance. 6,000 1,500 6,500 9,000 7,000 8,000 2. Uneamed Professional Fees 3. Rent Expense 4. Interest Expense. 5. Prepaid Rent 6. Salaries Expense... Unearned Professional Fees. 10 Cash 11 Interest Receivable 12. Cash Interest Receivable Interest Earned. Accounts Receivable
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
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