For journal entries 1 through 12, indicate the explanation that most closely describes it. You can...

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For journal entries 1 through 12, indicate the explanation that most closely describes it. You can use explana 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 depreciation expense. Entry Explanation Journal Entries Debit Credit 1 Salaries Expense Salaries Payable 1,500 1,500 Interest Receivable 5,000 2 nces Interest Revenue 5,000 Cash 4,700 3 Accounts Receivable (from consulting) 4,700 Cash 4,400 4 Unearned Revenue 4,400 Cash 1,300 5 Interest Receivable 1,300 6 Rent Expense Prepaid Rent 4,800 4,800 Interest Expense 5,900 7 Interest Payable 5,900 Depreciation Expense 4,400 8 Accumulated Depreciation 4,400 Unearned Revenue 8,400 6 Services Revenue 8,400 Insurance Expense 6,400 10 For journal entries 1 through 12, indicate the explanation that most closely describes it. You can use explana 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 depreciation expense. Entry Explanation Journal Entries Debit Credit 1 Salaries Expense Salaries Payable 1,500 1,500 Interest Receivable 5,000 2 nces Interest Revenue 5,000 Cash 4,700 3 Accounts Receivable (from consulting) 4,700 Cash 4,400 4 Unearned Revenue 4,400 Cash 1,300 5 Interest Receivable 1,300 6 Rent Expense Prepaid Rent 4,800 4,800 Interest Expense 5,900 7 Interest Payable 5,900 Depreciation Expense 4,400 8 Accumulated Depreciation 4,400 Unearned Revenue 8,400 6 Services Revenue 8,400 Insurance Expense 6,400 10