For this adjustment: Earned but unbilled fees at August 31 were $1,475.

Is that telling you what the final accounts receivable should be or what they should be reduced by?

This is telling you that you provided a service, but you have not billed your customer yet.

What is the journal entry when you bill a customer for work that has been done?

This is the adjusting entry you need to do.

dr. a/r
Cr. Revenue

What is the adjustment for:

Equipment (2700) is depreciated over 5 years, using the straight line method.

Quote:

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Originally Posted by mjacobson86

what is the adjustment for:

Equipment (2700) is depreciated over 5 years, using the straight line method.

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it depends you want to calculate the depreciation for how many months or years.
For one year, the depreciation expense will be (your asset origianal cost - residual value) / useful life. For month, divide the annual depreciation by 12 then multiply by the number of month you want to recognize the depreciation expense.