Following are two income statements for Alexis Co. for the year ended December 31. The left column is prepared before any adjusting entries are recorded, and the right column includes the effects of adjusting entries. The company records cash receipts and payments related to unearned and prepaid items in balance sheet accounts. ALEXIS Co. Income Statements For Year Ended December 31 Unadjusted Adjusted Revenues Fees earned Commissions earned s 24,000 S 29,400 42,500 42,500 Total revenues 66,500 71,900 Expenses Depreciation expense Computers Depreciation expense Office furniture Salaries expense Insurance expense Rent expense Office supplies expense Advertising expense Utilities expense 0 1,350 1,575 12,500 14,705 0 1,170 4,500 4,500 432 3,000 3,000 1,250 1,313 Total expenses 21,250 28,045 Net income $45,250 43,855 Analyze the statements and prepare the eight adjusting entries that likely were recorded. (Note: 30% of the 5,400 adjustment for Fees Earned has been earned but not billed, and the other 70% has been earned by performing services that were paid for in advance.) View transaction list Journal entry worksheet 2 4 5 6 7 8 Record the adjusting entry for accrued revenues. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 View general journal Record entry Clear entry Journal entry worksheet Record the adjusting entry related to fees collected in advance Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 View general journal Record entry Clear entry Journal entry worksheet 2 4 5 6 Record depreciation on computers. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal View transaction list Journal entry worksheet Record depreciation on office furniture Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry Journal entry worksheet Record the adjusting entry related to salaries. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal Journal entry worksheet Record the adjusting entry related to insurance. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Clear entry View general journal Journal entry worksheet 2 4 7 8 Record the adjusting entry related to office supplies. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry Journal entry worksheet 2 4 6 7 8 Record the adjusting entry related to utilities. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry