Common adjusting journal entries (Learning Objective 2) 10–15 min.

Journalize the adjusting entries at July 31, the end of the accounting period. Omit explanations.

a. Employee salaries owed for Monday through Thursday of a five-day workweek,

$4,500.

b. Unearned service revenue now earned, $1,250.

c. Depreciation, $1,900.

d. Prepaid rent expired, $350.

e. Interest revenue accrued, $980.

AppendixLO1