g 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). Income Statementa For Year Ended December 31 Unadjuste venues Fees earned Commissions earned Total revenues s 24,ooo 42,500 S 66, 500 2 $30, ooo 42,500 72,500 Depre ciat expense-Computers Depreciation expense-office furniture Salaries expense Insurance expen e Rent expense Office upplies expense Advertiaing expense Utilitie expen e Total expense b. 1, 500 C. 1,750 14,950 1,300 4, 500 480 3,000 1,320 28, 800 $43. 7o0 12, s00 4,500 3,000 1,250 21, 250 s 45, 250 Net income Prev 3 of EEENext> search