Wages expense Wages payable Utilities expense Accounts payable Unearned service revenue Service revenue Equipment Intangible assets Long-term investments Adjusting entries: 1. Accrue wages expense. 2. Accrue utilities expense. 3. Adjust the Unearned Service Revenue account to recognize earned revenue.

Answer and Explanation:

The adjusting entries are shown below

1. Accrued wages expenses

Wages expense Dr

         To Wages payable

(Being the accrued wages is recorded)

For recording this we debited the wages expense as it increased the expense and credited the wages payable as it also increased the liabilities

2. Accrued utilities expenses

Utilities expense Dr

         To Account payable

(Being the accrued utilities expense is recorded)

For recording this we debited the utility expense as it increased the expense and credited the account payable as it also increased the liabilities

3. For adjusting the unearned service revenue

Unearned service revenue Dr

         To Service revenue

(Being the unearned service revenue is recorded)

For recording this we debited the unearned service revenue as it decreased the liability and credited the service revenue as it increased the revenue