For journal entries 1 through 12, indicate the explanation that most closely describes it. You can use explanations more thanonce.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. Entry12345сл67891011124ExplanationDepreciation ExpenseAccumulated DepreciationUneamed RevenueServices RevenueInsurance ExpensePrepaid InsuranceSalaries PayableCashPrepaid RentCashSalaries ExpenseSalaries PayableInterest ReceivableInterest RevenueCashAccounts Receivable (from consulting)CashJournal EntriesUnearned RevenueCashInterest ReceivableRent ExpensePrepaid RentInterest ExpenseInterest PayableDebit1,9003,1004,6004,4001,6004,1006,3006,0008,6006,5001,9001,900Credit1,9003,1004,6004,4001,6004,1006,3006,0008,6006,5001,9001,900

For journal entries 1 through 12, indicate the explanation that most closely describes it. You can use explanations 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. 1. To record this period's depreciation expense.

For journal entries 1 through 12, indicate the explanation that most closely describes it. You can use explanations 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. 1. To record this period's depreciation expense.

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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