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Following are two income statements for Alexis Company for the year ended December 31. The left number column is prepared before adjusting entries are

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Following are two income statements for Alexis Company 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 Revenues Services revenue Commissions revenue Total revenues Expenses Depreciation expense-Computers For Year Ended December 31 Unadjusted Adjustments $ 24,000 42,500 $ 66,500 Depreciation expense-Office furniture Salaries expense Insurance expense Rent expense Office supplies expense Advertising expense Utilities expense Total expenses Net income Adjusted $ 31,200 42,500 73,700 1,800 2,100 12,500 15,440 e 1,560 4,500 4,500 e 576 3,000 1,250 21,250 $ 45,250 3,000 1,334 30,310 $ 43,390 Analyze the statements and prepare the seven adjusting entries a. through g. that likely were recorded. Hint The entry for a. refers to revenue that has been earned but not yet billed. No adjusting entry involves cash. View transaction list Journal entry worksheet 1 2 3 4 5 6 7 Record the adjusting entry for accrued revenues. Note: Enter debits before credits. Event a General Journal Debit Credit Record entry Clear entry View general journal

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