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 g (the balance sheet part of the entries is not shown here).

ALEXIS CO. Income Statements For Year Ended December 31
	Unadjusted				Adjustments				Adjusted
Revenues
Fees earned	$	24,000				a.			$	30,600
Commissions earned		42,500								42,500
Total revenues	$	66,500								73,100
Expenses
Depreciation expenseComputers		0				b.				1,650
Depreciation expenseOffice furniture		0				c.				1,925
Salaries expense		12,500				d.				15,195
Insurance expense		0				e.				1,430
Rent expense		4,500								4,500
Office supplies expense		0				f.				528
Advertising expense		3,000								3,000
Utilities expense		1,250				g.				1,327
Total expenses		21,250								29,555
Net income	$	45,250							$	43,545

Analyze the statements and prepare the eight adjusting entries a through g that likely were recorded. Note: Answer for a has two entries 30% of (i) the $6,600 adjustment for Fees Earned has been earned but not billed, and (ii) the other 70% has been earned by performing services that were paid for in advance.

1- Record the adjusting entry for accrued revenues.

Record the adjusting entry for accrued revenues.

2- Record the adjusting entry related to fees collected in advance.

3- Record depreciation on computers.

4- Record depreciation on office furniture.

5- Record the adjusting entry related to salaries.

6- Record the adjusting entry related to insurance.

7- Record the adjusting entry related to office supplies.

8- Record the adjusting entry related to utilities.

Transaction	General Journal	Debit	Credit
g.