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. ALEXIS CO. Income Statements For Year Ended December 31 Unadjusted Adjusted Revenues Fees earned $18,000 $25,000 Commissions earned 36,500 36,500 Total revenues $54,500 61,500 Expenses Depreciation expense-Computers 1,600 Depreciation expense-Office furniture 1,850 Salaries expense 13,500 15,750 Insurance expense 1,400 Rent expense 3,800 3,800 Office supplies expense 580 Advertising expense 2,500 2,500 Utilities expense 1, 245 1,335 Total expenses 21,045 28,815 Net income $33, 455 $32,685 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 list Journal entry worksheet