Question

letters A-i are a dropdown menu and go under the explanation column

Problem 3-1A Identifying adjusting entries with explanations LO P1, P2, P3, P4 8.33 points For journal entries through 12, select the letter of the explanation that most closely describes it in the space beside each entry. You can use letters more than once. Skoped 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. Entry Explanation Journal Entries Salaries Expense Sales Payable interest Receivable Interest Revenue Cash Accounts Recebe from consong) Cash Uneared Professional Fees Cash Interest Receivable Rent Expense Prepad Bert

Answer 1

No.	Explanation
1	E. To record an accrued expense
2	F. To record an accrued revenue
3	D. To record receipt of an accrued revenue
4	A. To record receipt of unearned revenue
5	D. To record receipt of an accrued revenue
6	G. To record this period’s use of a prepaid expense
7	E. To record an accrued expense
8	I. To record this period’s depreciation expense
9	B. To record this period’s earning of prior unearned revenue
10	G. To record this period’s use of a prepaid expense
11	C. To record payment of an accrued expense
12	H. To record payment of a payment expense