Question: 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.
B. To record accrued salaries expense.
C. To record this period's use of a prepaid expense.
D. To record accrued interest revenue.
E. To record accrued interest expense.
F. To record the earning of previously unearned income.
1. Salaries Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,280 Salaries
Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,280
2. Interest Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,208
Interest Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,208
3. Insurance Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,180
Prepaid Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,180
4. Unearned Professional Fees . . . . . . . . . . . . . . . . . . . . . . . . . 19,250
Professional Fees Earned . . . . . . . . . . . . . . . . . . . . . . . 19,250
5. Interest Receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,300
Interest Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,300
6. Depreciation Expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38,217
Accumulated Depreciation . . . . . . . . . . . . . . . . . . . . . . 38,217