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 uneamed and prepaid items in balance sheet accounts. ALEXIS Co. Income statements Tor Tear Ended December 31 Unadjusted Adjusted Revenues Pees earned $24,000 $30,000 Commissione earned 42,500 42,500 Total revenues $66,500 72,500 Expenses Depreciation expense-Computers 0 1,500 Depreciation expense-office 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. View transaction filst Journal entry worksheet 2 3 4 5 6 7 Record the adjusting entry related to utilities. Journal entry worksheet 2 3 Record the adjusting entry for accrued revenues. Note: Enter debits before credits Event General Journal Debit Credit Record entry Clear entry View general Journal Journal entry worksheet 5 3 6 7 > 1 Record depreciation on computers. Note: Enter debits before credits General Journal Debit Event b Credit Record entry Clear entry View general Journal Journal entry worksheet > 4 5 6 7 1 2 Record depreciation on office furniture. Note: Enter debits before credits Event General Journal Debit Credit C Record entry Clear entry View general journal Journal entry worksheet 5 7 6 1 2 3 Record the adjusting entry related to salaries. Note: Enter debit before credits Debit Credit Event General Journal Racord entry Clear entry View general Journal View transaction ist Journal entry worksheet > 5 4 6 7 1 2 3 Record the adjusting entry related to insurance. Note: Enter debits before credits. Debit General Journal Event Credit Record entry Clear entry View general journal Journal entry worksheet > 7 5 4 1 2 3 Record the adjusting entry related to office supplies. Note: Enter debits before credits Event General Journal Debit Credit 1 Record entry Clear entry View general journal Journal entry worksheet A 3 5 4 1 2 6 Record the adjusting entry related to utilities. Nota: Enter debts before credits Event General Journal Debit Credit 9 Record entry Clear entry View general journal Prey 2 of 25 Next >