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(Solved): For journal entries 1 through 10 , identify the explanation that mostly closely describes it. A. T ...



For journal entries 1 through 10 , identify the explanation that mostly closely describes it.
A. To record this periods deprJ. To record cash payment of a prepaid expense.

For journal entries 1 through 10 , identify the explanation that mostly 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. G. To record cash receipt of unearned revenue. H. To record cash payment of an accrued expense. I. To record cash receipt of an accrued revenue. J. To record cash payment of a prepaid expense. J. To record cash payment of a prepaid expense.


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ANSWER: The answers have been provided in the sequence of entries shown in the table. ENTRY 1–: (H) To record cash payment of an accrued expense
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