From the dropdown box beside each adjusting entry, select the letter of the expl

Question

From the dropdown box beside each adjusting entry, select the letter of the explanation A through I that best describes the journal 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.

Explanation / Answer

1. Office Equipment I

2. Office Supply F

3. Building A

4.Store Supplies E

5. Accumulated Depreciation- Trucks I

6. Land (used in operation) A

7. Repairs Expense G

8. Cash A

9.Current Portion of Long-Term note payable E

10.long term investment in stock A

11. Depreciation Expense-Building I

12. Pre paid rent C

13. Interest Receivable F

14. Taxes Payable E

15. Automobiles I

16. Notes Payable due in 3 years A

17. Accounts Payable C

18. Prepaid Insurance C

19. Common Stock E

20. Unearned Services Revenue F

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