Classifying adjusting entries In the blank space beside each adjusting entry, enter the letter of the explanation A through C that most closely describes the entry.
A. To record this period’s depreciation expense.
B. To record accrued salaries expense.
C. To record this period’s use of a prepaid expense.

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1. Insurance Expense 3,180 Prepaid Insurance 3.180 2. Depreciation Expense 38,217 Accumulated Depreciation 38,217 3. Salaries Expense 13,280) Salaries Payable 13,280