Common adjusting journal entries (Learning Objective 2) 15–20 min.

The accounting records of Media Unlimited include the following unadjusted balances at September 30: Accounts Receivable, $1,800; Supplies, $900; Salaries Payable, $0;

Unearned Service Revenue, $900; Service Revenue, $4,300; Salaries Expense, $2,500;

and Supplies Expense, $0. The following data pertain to the September 30 adjusting entries:

a. Service revenue accrued, $1,600.

b. Unearned service revenue that has been earned, $300.

c. Supplies on hand, $50.

d. Salaries owed to employees, $1,400.

Requirement Record the adjustments, then post them to T-accounts, labeling each adjustment by letter.

Calculate each account’s adjusted balance.

AppendixLO1