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

The accounting records of Activities Unlimited, Inc. include the following unadjusted balances at September 30: Accounts Receivable, $2,100; Supplies, $900; Salaries Payable, $0; Unearned Service Revenue, $750; Service Revenue, $4,100; Salaries Expense, $1,850; and Supplies Expense, $0. The following data pertains to September 30 adjusting entries:

a. Service revenue accrued, $1,650.

b. Unearned service revenue that has been earned, $350.

c. Supplies on hand, $240.

d. Salaries owed to employees, $980.

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

Calculate each account’s adjusted balance.

AppendixLO1