S3-12. Adjusting and closing entries (Learning Objectives 2 & 4) 5-10 min. For the following series of journal entries, indicate whether each is an adjusting entry (ADJ) or a closing entry (CL). TYPE OF ENTRY (ADJ OR CL) POST REF. CR. DR. 400 ACCOUNTS Salary Expense Salary Payable 400 900 Service Revenue Retained Earnings 900 1,500 Retained Earnings Dividends 1,500 800 Unearned Revenue Service Revenue 800