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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,

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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 uneared and prepaid items in balance sheet accounts. Income Statements For Year Ended December 31 Unadjusted Adjusted $24,000 42,569 $66,589 $29,480 42,580 71,989 Revenues 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 1.35 1.575 14,705 1.170 12.50 4.500 4.500 432 3,000 1313 1250 $45,250 $43,855 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 Journal entry worksheet

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