chapter 3 1
Score: 139.70
1.
out of 140 points (99.79%)
award:
10 out of
10.00
points
Exercise 3-1 Classifying adjusting entries LO C3
In the blank space beside each adjusting entry, enter the letter of the explanation A through F that most closely describes the entry.
A.
B.
C.
D.
E.
F.
To record this period’s depreciation expense.
To record accrued salaries expense.
To record this period’s use of a prepaid expense.
To record accrued interest revenue.
To record accrued interest expense.
To record the earning of previously unearned income.
E
Interest Expense
2,208
Interest Payable
C
Insurance Expense
2,208
3,180
Prepaid Insurance
F
Unearned Professional Fees
3,180
19,250
Professional Fees Earned
D
Interest Receivable
19,250
3,300
Interest Revenue
A
Depreciation Expense
3,300
38,217
Accumulated Depreciation
B
Salaries Expense
Salaries Payable
Worksheet
Exercise 3-1 Classifying adjusting entries LO C3
38,217
13,280
13,280
Learning Objective: 03-C3 Identify the types of adjustments and their purpose. Exercise 3-1 Classifying adjusting entries LO C3
In the blank space beside each adjusting entry, enter the letter of the explanation A through F that most
closely describes the entry.
A.
B.
C.
D.
E.
F.
To record this period’s depreciation expense.
To record accrued salaries expense.
To record this period’s use of a prepaid expense.
To record accrued interest revenue.
To record accrued interest expense.
To record the earning of previously unearned income.
E
Interest Expense
2,208
Interest Payable
C
Insurance Expense
2,208
3,180
Prepaid Insurance
F
Unearned Professional Fees
3,180
19,250
Professional Fees Earned
D
Interest Receivable
19,250
3,300
Interest Revenue
A
Depreciation Expense
3,300
38,217
Accumulated Depreciation
B
Salaries Expense
Salaries Payable
Explanation:
No further explanation details are available for this problem.
38,217
13,280
13,280
1.
out of 140 points (99.79%)
award:
10 out of
10.00
points
Exercise 3-1 Classifying adjusting entries LO C3
In the blank space beside each adjusting entry, enter the letter of the explanation A through F that most closely describes the entry.
A.
B.
C.
D.
E.
F.
To record this period’s depreciation expense.
To record accrued salaries expense.
To record this period’s use of a prepaid expense.
To record accrued interest revenue.
To record accrued interest expense.
To record the earning of previously unearned income.
E
Interest Expense
2,208
Interest Payable
C
Insurance Expense
2,208
3,180
Prepaid Insurance
F
Unearned Professional Fees
3,180
19,250
Professional Fees Earned
D
Interest Receivable
19,250
3,300
Interest Revenue
A
Depreciation Expense
3,300
38,217
Accumulated Depreciation
B
Salaries Expense
Salaries Payable
Worksheet
Exercise 3-1 Classifying adjusting entries LO C3
38,217
13,280
13,280
Learning Objective: 03-C3 Identify the types of adjustments and their purpose. Exercise 3-1 Classifying adjusting entries LO C3
In the blank space beside each adjusting entry, enter the letter of the explanation A through F that most
closely describes the entry.
A.
B.
C.
D.
E.
F.
To record this period’s depreciation expense.
To record accrued salaries expense.
To record this period’s use of a prepaid expense.
To record accrued interest revenue.
To record accrued interest expense.
To record the earning of previously unearned income.
E
Interest Expense
2,208
Interest Payable
C
Insurance Expense
2,208
3,180
Prepaid Insurance
F
Unearned Professional Fees
3,180
19,250
Professional Fees Earned
D
Interest Receivable
19,250
3,300
Interest Revenue
A
Depreciation Expense
3,300
38,217
Accumulated Depreciation
B
Salaries Expense
Salaries Payable
Explanation:
No further explanation details are available for this problem.
38,217
13,280
13,280