For journal entries 1 through 6, identify the explanation that most closely describes it.

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.

\begin{tabular}{|c|c|c|c|}
\hline Explanation & Journal Entries & Debit & Credit \\
\hline E & Interest Expense & 2,208 & \\
\hline & Interest Payable & & 2,208 \\
\hline C & Insurance Expense & 3,180 & \\
\hline & Prepaid Insurance & & 3,180 \\
\hline F & Unearned Revenue & 19,250 & \\
\hline & Services Revenue & & 19,250 \\
\hline D & Interest Receivable & 3,300 & \\
\hline & Interest Revenue & & 3,300 \\
\hline A & Depreciation Expense & 38,217 & \\
\hline & Accumulated Depreciation & & 38,217 \\
\hline B & Salaries Expense & 13,280 & \\
\hline & Salaries Payable & & 13,280 \\
\hline
\end{tabular}



Answer :

To match each journal entry (1 through 6) with the appropriate explanation, let's examine each entry in detail and connect it to the correct explanation:

1. Journal Entry:
- Debit: Interest Expense (2,208)
- Credit: Interest Payable (2,208)

Explanation:
- "To record accrued interest expense." (E)

2. Journal Entry:
- Debit: Insurance Expense (3,180)
- Credit: Prepaid Insurance (3,180)

Explanation:
- "To record this period's use of a prepaid expense." (C)

3. Journal Entry:
- Debit: Unearned Revenue (19,250)
- Credit: Services Revenue (19,250)

Explanation:
- "To record the earning of previously unearned income." (F)

4. Journal Entry:
- Debit: Interest Receivable (3,300)
- Credit: Interest Revenue (3,300)

Explanation:
- "To record accrued interest revenue." (D)

5. Journal Entry:
- Debit: Depreciation Expense (38,217)
- Credit: Accumulated Depreciation (38,217)

Explanation:
- "To record this period's depreciation expense." (A)

6. Journal Entry:
- Debit: Salaries Expense (13,280)
- Credit: Salaries Payable (13,280)

Explanation:
- "To record accrued salaries expense." (B)

Summary:
```
1. E - To record accrued interest expense.
2. C - To record this period's use of a prepaid expense.
3. F - To record the earning of previously unearned income.
4. D - To record accrued interest revenue.
5. A - To record this period's depreciation expense.
6. B - To record accrued salaries expense.
```