Following are two income statements for Alexis Co. for the year ended December 31 The left number 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. The middle column shows a blank space for each income statement effect of the eight adjusting entries a through the balance sheet part of the entries is not shown here). ALEXIS CO. Incone Statements For Year Ended December 31 Unadjusted Adjustments Adjusted Revenues Fees earned $24,000 $20,000 Commissions earned 43300 Total revenues 500,500 71,100 Expenses Depreciation expen-Computers Depreciation expense-office furniture CI 1,400 Salaries expanse 12,500 0 14,400 Insurance expense 1.040 Rent expen 4.500 1.500 offee supplies expense O Advertising expense 3.000 3,000 Utiliti tipas 1.300 Total expenses 222200 49.250 e income 544,010 Analyze the statements and prepare the sight adjusting entries a through that kely were recorded. Note Answer for a has two eritries 30% of the 54,800 adjustment for Fees Earned has been earned but not billed and the other 70% has been eamed by View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 Record the adjusting entry for accrued revenues. Note: Enter debits before credits Transaction General Journal Dobit Credit Record entry Clear entry View on journal 2 View transaction list Journal entry worksheet its 1 2 4 7 3 5 6 8 eBook Record the adjusting entry related to fees collected in advance. Note: Enter debits before credits: References General Journal Debit Credit Transaction a2 Record entry Clear entry View General journal View transaction list Journal entry worksheet 2 3 4 5 6 7 8 BOOK Record depreciation on computers. Print Note: Enter debits before credits Herences General Journal Debit Credit Transaction b Flecord entry Clear entry View general journal 2. View transaction list Journal entry worksheet nts