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Exercise 3-15 (Algo) Analyzing and preparing adjusting entries LO P5 Following are two income statements for Alexis Company for the year ended December 31. The

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Exercise 3-15 (Algo) Analyzing and preparing adjusting entries LO P5 Following are two income statements for Alexis Company for the year ended December 31. The left number column is prepared betore adjusting entries are recorded, and the tight column is prepared after adjusting entries. The company records cash receipts and payments related to unearned and prepald items in balance sheet accounts. Analyze the statements and prepare the seven adjusting entries a. through g. that lwely were recorded. Hint The entry for a. Telers to tevence that has been earned but not yet billed No adjusting entry involves cash. Journal entrv worksheet 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

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