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 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. |