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 uneared 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) ALEXX CO. Income Statements Tot Your Ended December 31 tautod Adjustment Adjusted Bovendo Foet earned 5.24.000 550,000 Commissions and 42.500 42,500 Total revende 5. 66,500 72,500 expenses Depreciation open Computer 0 b 1,500 Depreciation expense orice furniture 0 1,750 talare expense 12.500 16,950 Insurance expense 0 1,300 Rent expense 4.500 4.500 olee supplies O advertising expense 5,000 3,000 Utilities expense 1.250 1.220 total expen 21,250 EL000 St Income 545250 143,700 100 Analyze the statements and prepare the eight adjusting entries a through that likely were recorded Noter Answer for a has two entries 30% of() the $6.000 adjustment for Fees Earned has been earned but not billed, and (b) the other 70% has been earned by performing services that were paid for in advance Journal entry worksheet Record the adjusting entry for accrued revenues. Note: Enter debits before credits. Debit Credit Transaction a1 General Journal Accounts receivable Fees earned Record entry Clear entry View general journal Journal entry worksheet > 8 Record depreciation on office furniture. Note: Enter debits before credits. Transaction Debit Credit General Journal Depreciation expense-Office furniture C Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the adjusting entry related to salarios. Note: Enter debits before credits Transaction General Journal Debit Credit d Record entry Clear entry View general Journal View transaction list Journal entry worksheet Record the adjusting entry related to insurance. Note: Enter debits before credits. Transaction General Journal Debit Credit e Record entry Clear entry View general journal View transaction list Journal entry worksheet 00 3 Record the adjusting entry related to office supplies. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal View transaction list Journal entry worksheet