Exercise 3-4 Classifying adjusting entries P1 P2 P3 P4 For journal entries 1 through 6, identify the explanation that most closely describes it. 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. D. To record accrued interest revenue. E. To record accrued interest expense. F. To record the earning of previously unearned expense. income. p. 124 1. Interest Expense... 2,208 Interest Payable. 2.208 4. Interest Receivable. Interest Revenue 3,300 3.300 2. Insurance Expense... 3,180 5. Depreciation Expense 38,217 Prepaid Insurance 3,180 Accumulated Depreciation.. 38.217 3. Unearned Revenue. 19,250 6. Salaries Expense 13,280 Services Revenue. 19.250 Salaries Payable 13.280