Please check my work For journal entries 1 through 12, indicate the explanation that most closely describes it. You can use explanations more than once.To record receipt of unearned revenue.To record this period's earning of prior unearned revenue.To record payment of an accrued expense.To record receipt of an accrued revenue.To record an accrued expense.To record an accrued revenue.To record this period's use of a prepaid expense.To record payment of a prepaid expense.To record this period's depreciation expense. Entry123456789101112ExplanationFAFDAGHECashAccounts Receivable (from consulting)CashUnearned RevenueCashJournal EntriesInterest ReceivableRent ExpensePrepaid RentInterest ExpenseInterest PayableDepreciation ExpenseAccumulated DepreciationUnearned RevenueServices RevenueInsurance ExpensePrepaid InsuranceSalaries PayableCashPrepaid RentCashSalaries ExpenseSalaries PayableInterest ReceivableInterest RevenueDebit1,5004,5004,0004,6001,7003,6006,6004,8008,6007,2001,3001,900Credit1,5004,5004,0004,6001,7003,6006,6004,8008,6007,2001,3001,900

The journal entries are prepared to keep the record of day to day transactions of the business on…

Entry Explanation F 1 2 3 لنا 4 5 6 7 8 9 10 11 12 A F H D A G C H E D Cash Accounts Receivable (from consulting) Cash Unearned Revenue Cash Journal Entries Interest Receivable Rent Expense Prepaid Rent Interest Expense Interest Payable Depreciation Expense Accumulated Depreciation Unearned Revenue Services Revenue Insurance Expense Prepaid Insurance Salaries Payable Cash Prepaid Rent Cash Salaries Expense Salaries Payable Interest Receivable Interest Revenue Debit 1,500 4,500 4,000 4,600 1,700 3,600 6,600 4,800 8,600 7,200 1,300 1,900 Credit 1,500 4,500 4,000 4,600 1,700 3,600 6,600 4,800 8,600 7,200 1,300 1,900

Entry Explanation F 1 2 3 لنا 4 5 6 7 8 9 10 11 12 A F H D A G C H E D Cash Accounts Receivable (from consulting) Cash Unearned Revenue Cash Journal Entries Interest Receivable Rent Expense Prepaid Rent Interest Expense Interest Payable Depreciation Expense Accumulated Depreciation Unearned Revenue Services Revenue Insurance Expense Prepaid Insurance Salaries Payable Cash Prepaid Rent Cash Salaries Expense Salaries Payable Interest Receivable Interest Revenue Debit 1,500 4,500 4,000 4,600 1,700 3,600 6,600 4,800 8,600 7,200 1,300 1,900 Credit 1,500 4,500 4,000 4,600 1,700 3,600 6,600 4,800 8,600 7,200 1,300 1,900

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter14: Decentralized Operations

Section: Chapter Questions

Problem 14.3E

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