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 unearned and prepaid items in balance sheet accounts. ALEXIS CO. Income Statements For Year Ended December 31 Unadjusted Adjusted $24,000 42 500 $66,500 $29,400 42,500 71,900 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 12,500 4,500 0 3.000 1,350 1,575 14,705 1.170 4.500 432 3,000 1,313 28,045 $43,855 ces 21,250 $45,250 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 6 7 > 3 Record the adjusting entry related to insurance. Note: Enter debits before credits Debit General Journal Event Credit Clear entry View general journal Record entry 12,500 Salaries expense Insurance expense Rent expense Office supplies expense Advertising expense Utilities expense Total expenses Net income 4,500 @ 3,000 1,250 21,250 $45,250 14,/05 1,170 4,500 432 3,000 1,313 28,045 $43,855 Analyze the statements and prepare the seven adjusting entries that likely were recorded. Wint 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 2 3 4 5 7 Record the adjusting entry related to office supplies. Note: Enter debits before credits Event General Journal Debit Credit 1 Clear entry View general Journal Record entry 12,500 4,500 Salaries expense Insurance expense Rent expense Office supplies expense Advertising expense Utilities expense Total expenses Net income 3,000 1,250 121,25e $45,250 14,/05 1,170 4,500 432 B,000 1,313 28,045 $43,855 Analyze the statements and prepare the seven adjusting entries that likely were recorded. His 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 1 2 3 4 5 6 7 Record the adjusting entry related to utilities Note: Enter debuts before credits Debit General Journal Event Credit 9 Clear entry View general journal Record entry