2 Revenues ts Income Statements For Year Ended December 31 Unadjusted Adjusted Fees earned Commissions earned Total revenues Expenses Depreciation expense-Computers Depreciation expense-office furniture Salaries expense Insurance expense Rent expense Office supplies expense Advertising expense Utilities expense Total expenses Net income $24,000 $30,000 42,500 42,500 $66,500 72,500 e 1,500 0 1,750 12,500 14,950 0 1,300 4,500 4,500 480 3,000 3,000 1,250 1,320 21,250 28,800 $45,250 $43,700 Return to questi 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. 6 1 No Event a 2 b 3 C Accounts receivable Fees earned General Journal Depreciation expense-Computers Accumulated depreciation-Computers Depreciation expense--Office furniture 4 d Accumulated depreciation-Office furniture Salaries expense Salaries payable 5 e Insurance expense Prepaid insurance Office supplies expense