Identifying adjusting entries with explanations LO7 LO8 For each of the following entri...

Identifying adjusting entries with explanations LO7 LO8

For each of the following entries, enter the letter of the explanation that most closely describes it in the space beside each entry. (You can use letters more than once.)

A. To record payment of a prepaid expense.

B. To record this period’s use of a prepaid expense.

C. To record this period’s depreciation expense.

D. To record receipt of unearned revenue.

E. To record this period’s earning of prior unearned revenue.

F. To record an accrued expense.

G. To record payment of an accrued expense.

H. To record an accrued revenue.

I. To record receipt of accrued revenue.