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A. To record this period's depreciation expense. D. To record accrued interest revenue. B. To record accrued salaries expense. C. To record this period's use of a prepaid expense E. To record accrued interest expense. F. To record the earning of previously unearned income. 1. Interest Expense .. Interest Payable . 2. Insurance Expense 2,208 4. Interest Receivable . 3,300 2,208 Interest Revenue 3,300 3,180 5. Depreciation Expense 38,217 Prepaid Insurance 3,180 Accumulated Depreciation 38,217 6. Salaries Expense .... Salaries Payable 3. Unearned Professional Fees 19,250 13,280 Professional Fees Earned 19,250 13,280 ---an anch of whom earns $250 per day. Thev are naid --

A. To record this period's depreciation expense. D. To record accrued interest revenue. B. To record accrued salaries expense. C. To record this period's use of a prepaid expense E. To record accrued interest expense. F. To record the earning of previously unearned income. 1. Interest Expense .. Interest Payable . 2. Insurance Expense 2,208 4. Interest Receivable . 3,300 2,208 Interest Revenue 3,300 3,180 5. Depreciation Expense 38,217 Prepaid Insurance 3,180 Accumulated Depreciation 38,217 6. Salaries Expense .... Salaries Payable 3. Unearned Professional Fees 19,250 13,280 Professional Fees Earned 19,250 13,280 ---an anch of whom earns $250 per day. Thev are naid --

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In the blank space beside each adjusting entry, enter the letter of the explanation A through F that most closely describes the entry.

A. To record this period's depreciation expense. D. To record accrued interest revenue. B. To record accrued salaries expense. C. To record this period's use of a prepaid expense E. To record accrued interest expense. F. To record the earning of previously unearned income. 1. Interest Expense .. Interest Payable . 2. Insurance Expense 2,208 4. Interest Receivable . 3,300 2,208 Interest Revenue 3,300 3,180 5. Depreciation Expense 38,217 Prepaid Insurance 3,180 Accumulated Depreciation 38,217 6. Salaries Expense .... Salaries Payable 3. Unearned Professional Fees 19,250 13,280 Professional Fees Earned 19,250 13,280 ---an anch of whom earns $250 per day. Thev are naid --
Transcribed Image Text:A. To record this period's depreciation expense. D. To record accrued interest revenue. B. To record accrued salaries expense. C. To record this period's use of a prepaid expense E. To record accrued interest expense. F. To record the earning of previously unearned income. 1. Interest Expense .. Interest Payable . 2. Insurance Expense 2,208 4. Interest Receivable . 3,300 2,208 Interest Revenue 3,300 3,180 5. Depreciation Expense 38,217 Prepaid Insurance 3,180 Accumulated Depreciation 38,217 6. Salaries Expense .... Salaries Payable 3. Unearned Professional Fees 19,250 13,280 Professional Fees Earned 19,250 13,280 ---an anch of whom earns $250 per day. Thev are naid --
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