diff --git a/changelog/18916.txt b/changelog/18916.txt
new file mode 100644
index 000000000..eb2792b31
--- /dev/null
+++ b/changelog/18916.txt
@@ -0,0 +1,3 @@
+```release-note:bug
+core/activity: report mount paths (rather than mount accessors) in current month activity log counts and include deleted mount paths in precomputed queries.
+```
diff --git a/vault/activity_log.go b/vault/activity_log.go
index de42223df..965d34a66 100644
--- a/vault/activity_log.go
+++ b/vault/activity_log.go
@@ -2166,13 +2166,8 @@ func (a *ActivityLog) precomputedQueryWorker(ctx context.Context) error {
 		for nsID, entry := range byNamespace {
 			mountRecord := make([]*activity.MountRecord, 0, len(entry.Mounts))
 			for mountAccessor, mountData := range entry.Mounts {
-				valResp := a.core.router.ValidateMountByAccessor(mountAccessor)
-				if valResp == nil {
-					// Only persist valid mounts
-					continue
-				}
 				mountRecord = append(mountRecord, &activity.MountRecord{
-					MountPath: valResp.MountPath,
+					MountPath: a.mountAccessorToMountPath(mountAccessor),
 					Counts: &activity.CountsRecord{
 						EntityClients:    len(mountData.Counts.Entities),
 						NonEntityClients: int(mountData.Counts.Tokens) + len(mountData.Counts.NonEntities),
@@ -2339,20 +2334,8 @@ func (a *ActivityLog) transformMonthBreakdowns(byMonth map[int64]*processMonth)
 			// Process mount specific data within a namespace within a given month
 			mountRecord := make([]*activity.MountRecord, 0, len(nsMap[nsID].Mounts))
 			for mountAccessor, mountData := range nsMap[nsID].Mounts {
-				var displayPath string
-				if mountAccessor == "" {
-					displayPath = "no mount accessor (pre-1.10 upgrade?)"
-				} else {
-					valResp := a.core.router.ValidateMountByAccessor(mountAccessor)
-					if valResp == nil {
-						displayPath = fmt.Sprintf("deleted mount; accessor %q", mountAccessor)
-					} else {
-						displayPath = valResp.MountPath
-					}
-				}
-
 				mountRecord = append(mountRecord, &activity.MountRecord{
-					MountPath: displayPath,
+					MountPath: a.mountAccessorToMountPath(mountAccessor),
 					Counts: &activity.CountsRecord{
 						EntityClients:    len(mountData.Counts.Entities),
 						NonEntityClients: int(mountData.Counts.Tokens) + len(mountData.Counts.NonEntities),
diff --git a/vault/activity_log_test.go b/vault/activity_log_test.go
index 40373a131..69887a39d 100644
--- a/vault/activity_log_test.go
+++ b/vault/activity_log_test.go
@@ -17,6 +17,8 @@ import (
 	"testing"
 	"time"
 
+	"github.com/hashicorp/go-uuid"
+
 	"github.com/axiomhq/hyperloglog"
 	"github.com/go-test/deep"
 	"github.com/golang/protobuf/proto"
@@ -3984,3 +3986,122 @@ func TestActivityLog_partialMonthClientCountUsingHandleQuery(t *testing.T) {
 		}
 	}
 }
+
+// TestActivityLog_partialMonthClientCountWithMultipleMountPaths verifies that logic in refreshFromStoredLog includes all mount paths
+// in its mount data. In this test we create 3 entity records with different mount accessors: one is empty, one is
+// valid, one can't be found (so it's assumed the mount is deleted). These records are written to storage, then this data is
+// refreshed in refreshFromStoredLog, and finally we verify the results returned with partialMonthClientCount.
+func TestActivityLog_partialMonthClientCountWithMultipleMountPaths(t *testing.T) {
+	timeutil.SkipAtEndOfMonth(t)
+
+	core, _, _ := TestCoreUnsealed(t)
+	_, barrier, _ := mockBarrier(t)
+	view := NewBarrierView(barrier, "auth/")
+
+	ctx := namespace.RootContext(nil)
+	now := time.Now().UTC()
+	meUUID, err := uuid.GenerateUUID()
+	if err != nil {
+		t.Fatal(err)
+	}
+
+	a := core.activityLog
+	path := "auth/foo/bar"
+	accessor := "authfooaccessor"
+
+	// we mount a path using the accessor 'authfooaccessor' which has mount path "auth/foo/bar"
+	// when an entity record references this accessor, activity log will be able to find it on its mounts and translate the mount accessor
+	// into a mount path
+	err = core.router.Mount(&NoopBackend{}, "auth/foo/", &MountEntry{UUID: meUUID, Accessor: accessor, NamespaceID: namespace.RootNamespaceID, namespace: namespace.RootNamespace, Path: path}, view)
+	if err != nil {
+		t.Fatalf("err: %v", err)
+	}
+
+	entityRecords := []*activity.EntityRecord{
+		{
+			// this record has no mount accessor, so it'll get recorded as a pre-1.10 upgrade
+			ClientID:    "11111111-1111-1111-1111-111111111111",
+			NamespaceID: namespace.RootNamespaceID,
+			Timestamp:   time.Now().Unix(),
+		},
+		{
+			// this record's mount path won't be able to be found, because there's no mount with the accessor 'deleted'
+			// the code in mountAccessorToMountPath assumes that if the mount accessor isn't empty but the mount path
+			// can't be found, then the mount must have been deleted
+			ClientID:      "22222222-2222-2222-2222-222222222222",
+			NamespaceID:   namespace.RootNamespaceID,
+			Timestamp:     time.Now().Unix(),
+			MountAccessor: "deleted",
+		},
+		{
+			// this record will have mount path 'auth/foo/bar', because we set up the mount above
+			ClientID:      "33333333-2222-2222-2222-222222222222",
+			NamespaceID:   namespace.RootNamespaceID,
+			Timestamp:     time.Now().Unix(),
+			MountAccessor: "authfooaccessor",
+		},
+	}
+	for i, entityRecord := range entityRecords {
+		entityData, err := proto.Marshal(&activity.EntityActivityLog{
+			Clients: []*activity.EntityRecord{entityRecord},
+		})
+		if err != nil {
+			t.Fatalf(err.Error())
+		}
+		storagePath := fmt.Sprintf("%sentity/%d/%d", ActivityLogPrefix, timeutil.StartOfMonth(now).Unix(), i)
+		WriteToStorage(t, core, storagePath, entityData)
+	}
+
+	a.SetEnable(true)
+	var wg sync.WaitGroup
+	err = a.refreshFromStoredLog(ctx, &wg, now)
+	if err != nil {
+		t.Fatalf("error loading clients: %v", err)
+	}
+	wg.Wait()
+
+	results, err := a.partialMonthClientCount(ctx)
+	if err != nil {
+		t.Fatal(err)
+	}
+	if results == nil {
+		t.Fatal("no results to test")
+	}
+
+	byNamespace, ok := results["by_namespace"]
+	if !ok {
+		t.Fatalf("malformed results. got %v", results)
+	}
+
+	clientCountResponse := make([]*ResponseNamespace, 0)
+	err = mapstructure.Decode(byNamespace, &clientCountResponse)
+	if err != nil {
+		t.Fatal(err)
+	}
+	if len(clientCountResponse) != 1 {
+		t.Fatalf("incorrect client count responses, expected 1 but got %d", len(clientCountResponse))
+	}
+	if len(clientCountResponse[0].Mounts) != len(entityRecords) {
+		t.Fatalf("incorrect client mounts, expected %d but got %d", len(entityRecords), len(clientCountResponse[0].Mounts))
+	}
+	byPath := make(map[string]int, len(clientCountResponse[0].Mounts))
+	for _, mount := range clientCountResponse[0].Mounts {
+		byPath[mount.MountPath] = byPath[mount.MountPath] + mount.Counts.Clients
+	}
+
+	// these are the paths that are expected and correspond with the entity records created above
+	expectedPaths := []string{
+		noMountAccessor,
+		fmt.Sprintf(deletedMountFmt, "deleted"),
+		path,
+	}
+	for _, expectedPath := range expectedPaths {
+		count, ok := byPath[expectedPath]
+		if !ok {
+			t.Fatalf("path %s not found", expectedPath)
+		}
+		if count != 1 {
+			t.Fatalf("incorrect count value %d for path %s", count, expectedPath)
+		}
+	}
+}
diff --git a/vault/activity_log_util_common.go b/vault/activity_log_util_common.go
index 080f5e543..256b17aaf 100644
--- a/vault/activity_log_util_common.go
+++ b/vault/activity_log_util_common.go
@@ -207,9 +207,9 @@ func (a *ActivityLog) limitNamespacesInALResponse(byNamespaceResponse []*Respons
 // For more details, please see the function comment for transformMonthlyNamespaceBreakdowns
 func (a *ActivityLog) transformActivityLogMounts(mts map[string]*processMount) []*activity.MountRecord {
 	mounts := make([]*activity.MountRecord, 0)
-	for mountpath, mountCounts := range mts {
+	for mountAccessor, mountCounts := range mts {
 		mount := activity.MountRecord{
-			MountPath: mountpath,
+			MountPath: a.mountAccessorToMountPath(mountAccessor),
 			Counts: &activity.CountsRecord{
 				EntityClients:    len(mountCounts.Counts.Entities),
 				NonEntityClients: len(mountCounts.Counts.NonEntities) + int(mountCounts.Counts.Tokens),
@@ -259,3 +259,25 @@ func (a *ActivityLog) sortActivityLogMonthsResponse(months []*ResponseMonth) {
 		}
 	}
 }
+
+const (
+	noMountAccessor = "no mount accessor (pre-1.10 upgrade?)"
+	deletedMountFmt = "deleted mount; accessor %q"
+)
+
+// mountAccessorToMountPath transforms the mount accessor to the mount path
+// returns a placeholder string if the mount accessor is empty or deleted
+func (a *ActivityLog) mountAccessorToMountPath(mountAccessor string) string {
+	var displayPath string
+	if mountAccessor == "" {
+		displayPath = noMountAccessor
+	} else {
+		valResp := a.core.router.ValidateMountByAccessor(mountAccessor)
+		if valResp == nil {
+			displayPath = fmt.Sprintf(deletedMountFmt, mountAccessor)
+		} else {
+			displayPath = valResp.MountPath
+		}
+	}
+	return displayPath
+}