Question

CP 3-1 

The preparation of adjusting entries requires a debit entry to one account and a credit entry to another account. 

A	B
a. Insurance Expense  b. Rent Earned  c. Prepaid Rent  d. Interest Payable  e. Interest Receivable  f. Fees Earned  g. Unused Supplies  h. Unearned Commissions Revenue  i. Salaries Payable j. Depreciation Expense	1. Commissions Earned  2. Supplies Expense  3. Salaries Expense  4. Unearned Fees  5. Accumulated Depreciation  6. Rent Expense  7. Prepaid Insurance  8. Interest Earned  9. Interest Expense  10. Unearned Rent

   Required: Match each account in column A with the appropriate account in column B

Answer 1

A	B
Insurance expense	prepaid insurance
rent earned	unearned rent
prepaid rent	rent expense
interest payable	interest expense
interest receivables	interest earned
fees earned	unearned fees
unused supplies	supplies expense
unearned commission revenue	commission earned
salaries payable	salary expense
depreciation expense	accumulated expense