For each of the following entries, enter the letter of the explanation that most closely describes it in the space beside each entry. (You can use letters 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.
I. To record this period€™s depreciationexpense.

Transcribed Image Text:

I. Rent Expense.. 2. Interest Expense... 3. Depreciation Expense... 4. Unearned Professional Fees 2,000 Prepaid Rent.... 2,000 1,000 Interest Payable. 1.000 4.000 4.000 ...._ 3.000 3,000 4,200 Prepaid Insurance. 4,200 1.400 4.500 6. Salaries Payable .. 1.400 7. Prepaid Rent2A. 4,500 Cash 8. Salaries Expene 6,000 Salaries Payable Interest Revenue Accounts Receivable (from consulting) ···· 6.000 eceivable c.. 5,000 5.000 10. Cash 9.000 9,000 11. Cash . 7.,500 nearne rofessional Fees 4 7.500 12. Cash.... 2.000 Interest Receivable 2.000