diff --git a/src/dawn/native/d3d12/CommandRecordingContext.cpp b/src/dawn/native/d3d12/CommandRecordingContext.cpp
index 7c9cf0e..cd44e4a 100644
--- a/src/dawn/native/d3d12/CommandRecordingContext.cpp
+++ b/src/dawn/native/d3d12/CommandRecordingContext.cpp
@@ -123,8 +123,6 @@
         ID3D12CommandList* d3d12CommandList = GetCommandList();
         device->GetCommandQueue()->ExecuteCommandLists(1, &d3d12CommandList);
 
-        DAWN_TRY(device->NextSerial());
-
         for (Texture* texture : mSharedTextures) {
             DAWN_TRY(texture->SynchronizeImportedTextureAfterUse());
         }
diff --git a/src/dawn/native/d3d12/DeviceD3D12.cpp b/src/dawn/native/d3d12/DeviceD3D12.cpp
index 9bfb03e..9aa1627 100644
--- a/src/dawn/native/d3d12/DeviceD3D12.cpp
+++ b/src/dawn/native/d3d12/DeviceD3D12.cpp
@@ -338,8 +338,8 @@
     mUsedComObjectRefs.ClearUpTo(completedSerial);
 
     if (mPendingCommands.IsOpen()) {
-        // CommandRecordingContext::ExecuteCommandList() calls NextSerial().
         DAWN_TRY(ExecutePendingCommandContext());
+        DAWN_TRY(NextSerial());
     }
 
     DAWN_TRY(CheckDebugLayerAndGenerateErrors());
diff --git a/src/dawn/native/d3d12/DeviceD3D12.h b/src/dawn/native/d3d12/DeviceD3D12.h
index 6b56d1a..d122fd1 100644
--- a/src/dawn/native/d3d12/DeviceD3D12.h
+++ b/src/dawn/native/d3d12/DeviceD3D12.h
@@ -91,7 +91,6 @@
 
     void ReferenceUntilUnused(ComPtr<IUnknown> object);
 
-    // Execute pending CommandRecordingContext, and increment last submitted serial if needed.
     MaybeError ExecutePendingCommandContext();
 
     ResultOrError<std::unique_ptr<StagingBufferBase>> CreateStagingBuffer(size_t size) override;
diff --git a/src/dawn/native/d3d12/TextureD3D12.cpp b/src/dawn/native/d3d12/TextureD3D12.cpp
index 02588c2..f17e995 100644
--- a/src/dawn/native/d3d12/TextureD3D12.cpp
+++ b/src/dawn/native/d3d12/TextureD3D12.cpp
@@ -691,19 +691,19 @@
         // Needed to ensure that command allocator doesn't get destroyed before pending commands
         // are submitted due to calling NextSerial(). No-op if there are no pending commands.
         DAWN_TRY(ToBackend(GetDevice())->ExecutePendingCommandContext());
-
         // If there were pending commands that used this texture mSignalFenceValue will be set,
         // but if it's still not set, generate a signal fence after waiting on wait fences.
         if (!mSignalFenceValue.has_value()) {
             DAWN_TRY(SynchronizeImportedTextureBeforeUse());
-            DAWN_TRY(ToBackend(GetDevice())->NextSerial());
             DAWN_TRY(SynchronizeImportedTextureAfterUse());
-            ASSERT(mSignalFenceValue.has_value());
         }
+        DAWN_TRY(ToBackend(GetDevice())->NextSerial());
+        ASSERT(mSignalFenceValue.has_value());
     }
 
-    // Explicitly call reset() since std::move() on optional doesn't make it std::nullopt.
     ExecutionSerial ret = mSignalFenceValue.value();
+    ASSERT(ret <= GetDevice()->GetLastSubmittedCommandSerial());
+    // Explicitly call reset() since std::move() on optional doesn't make it std::nullopt.
     mSignalFenceValue.reset();
     return ret;
 }
@@ -760,8 +760,8 @@
     if (mD3D11on12Resource != nullptr) {
         DAWN_TRY(mD3D11on12Resource->ReleaseKeyedMutex());
     } else {
-        // CommandRecordingContext will call NextSerial() to increment the fence before this call.
-        mSignalFenceValue = ToBackend(GetDevice())->GetLastSubmittedCommandSerial();
+        // NextSerial() will be called after this - this is also checked in EndAccess().
+        mSignalFenceValue = ToBackend(GetDevice())->GetPendingCommandSerial();
     }
     return {};
 }