Entry45678CO329110ExplanationInterest ExpenseInterest PayableDepreciation ExpenseAccumulated DepreciationUnearned RevenueServices RevenueInsurance ExpensePrepaid InsuranceSalaries PayableCashPrepaid RentCashSalaries ExpenseSalaries PayableInterest ReceivableInterest RevenueCashJournal EntriesCashexpense.Accounts Receivable (from consulting)Unearned RevenueCashDebit1,3004,4003,6003,7002,0004,5005,6005,4008,2007,1002,200Credit1,3004,4003,6003,7002,0004,5005,6005,4008,2007,100 HelpFor 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.I. To record this period's depreciation expense.

Adjustment Journal Entry A form of accounting entry known as an adjustment journal entry is prepared…

For journal entries 1 through 12, Indicate the explanation that most closely describes it. You can use explanations mo 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.

For journal entries 1 through 12, Indicate the explanation that most closely describes it. You can use explanations mo 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.

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter14: Accounting For Uncollectible Accounts Receivable

Section14.1: Uncollectible Accounts Receivable

Problem 2AYU

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