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Check my work Following are two income statements for Alexis Company for the year ended December 31. The left number column is prepared before
Check my work Following are two income statements for Alexis Company 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 ok Services revenue Commissions revenue int Total revenues Expenses Print Depreciation expense-Computers ferences Depreciation expense-Office furniture. Salaries expense Insurance expense Office supplies expense Rent expense Advertising expense Utilities expense Unadjusted Adjustments Adjusted $ 24,000 42,500 $ 29,400 42,500 $ 66,500 71,900 b. 1,350 C. 1,575 12,500 d. 14,705 e. 1,170 4,500 4,500 432 3,000 3,000 1,250 9. 1,313 21,250 28,845 $ 45,250 $ 43,855 Total expenses Net income Analyze the statements and prepare the seven adjusting entries a. through g. that likely were recorded. Hint The entry for a. refers to revenue that has been earned but not yet billed. No adjusting entry involves cash. View transaction list Journal entry worksheet Prev 5 of 6 Next >
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