2 Following are two income statements for Alexis Co. for the year ended December 31. The left number column is prepared before adjusting entries are recorded, and the right column is prepared after adjusting entries. The company records cash receipts and payments related to unearned and prepaid items in balance sheet accounts. Income Statements For Year Ended December 31 Revenues Unadjusted Adjusted Fees earned Commissions earned Total revenues i Expenses Depreciation expense-Computers Salaries expense Insurance expense Rent expense office supplies expense Advertising expense Utilities expense Total expenses $24,000 $31,200 42,500 42,500 $66,500 73,700 0 1,800 Depreciation expense-office furniture 0 2,100 12,500 15,440 0 1,560 4,500 4,500 576 3,000 3,000 1,250 1,334 Net income 21,250 $45,250 30,310 $43,390 Analyze the statements and prepare the seven adjusting entries that likely were recorded. Hint: Entry for a refers to fees that have been earned but not yet billed. None of the entries involve cash. View transaction list View journal entry worksheet No Event General Journal 1 a Accounts receivable Fees earned Debit Credit