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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,

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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. Adjustments Adjusted $ 25,000 36,500 61,500 Income statements For Year Ended December 31 Unadjusted Revenues Services revenue $ 18,000 Commission revenue 36,500 Total revenues $ 54,500 Expenses Depreciation expenso-Computers 0 Depreciation expense office furniture 0 Salaries expense 13,500 Insurance expense 0 Rent expenne 3,800 office supplies expense 0 Advertising expense 2.500 Utilities expense 1,245 Total expenses 21.045 Het income $ 33, 455 1,500 1.850 15,750 1,400 3,800 580 2.500 1.335 28,815 $ 32,685 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 2 3 1 5 6 7 Record the adjusting entry for accrued revenues

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