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.

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 expenseComputers		0				1,500
Depreciation expenseOffice furniture		0				1,750
Salaries expense		12,500				14,950
Insurance expense		0				1,300
Rent expense		4,500				4,500
Office supplies expense		0				480
Advertising expense		3,000				3,000
Utilities expense		1,250				1,320
Total expenses		21,250				28,800
Net income	$	45,250			$	43,700

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.

No	Event	General Journal	Debit	Credit
1	a	Accounts receivable
		Fees earned
2	b	Depreciation expenseComputers
		Accumulated depreciationComputers
3	c	Depreciation expenseOffice furniture
		Accumulated depreciationOffice furniture
4	d	Salaries expense
		Salaries payable
5	e	Insurance expense
		Prepaid insurance
6	f	Office supplies expense
		Office supplies
7	g	Utilities expenses
		Utilities payable