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Following are two income statements for alexis co for the year and day December 31 Following are two income statements for Alexis Co for the

Following are two income statements for alexis co for the year and day December 31 image text in transcribed
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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 unearned and prepaid items in balance sheet accounts, Unadjusted Adjusted $18,000 $25,000 36,500 36,500 $54,500 61,500 0 Income Statements For Year Ended December 31 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 13,500 0 3,800 0 2,500 1.245 121, 045 $33,455 1,600 1,850 15,750 1,400 3,800 580 2,500 1,335 28,815 $32,685 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 that 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 3 1 4 6 7 n Record the adjusting entry for accrued revenues. ences Note: Enter debits before credits ent Debit Credit General Journal Accounts receivable Foos eamed Record entry Clear entry View general journal

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