S 3-4 (Algo) Concepts of adjusting entries LO P1, P2, P3, P4 At the end of its annual accounting period, the company must make three adjusting entries. Record the yearly depreciation expense for equipment. Accrue utilities expense. Adjust the Unearned Revenue account to recognize earned services revenue. For each of these adjusting entries, indicate the account to be debited and the account to be credited