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 Revenues Fees earned $ 24, 000 $30,000 Commissions earned 42, 500 42, 500 Total revenues $66, 500 72, 500 Expenses Depreciation expense-Computers 1, 500 Depreciation expense Office furniture 1, 750 Salaries expense 12, 509 14, 950 Insurance expense 1, 306 Rent expense 4, 500 4, 580 Office supplies expense 480 Advertising expense 3, 080 3, 900 Utilities expense 1, 250 1, 320 Total expenses 21, 259 28,800 Net income $45, 250 $43,700 ices 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 View journal entry worksheet No Event General Journal Debit Credit