On October 1, 2015, a company paid an $23,400 premium on a 36-month insurance policy for coverage beginning on that date. Refer to that policy and fill in the blanks in the following table.

Following are two income statements for Alexis Co. for the year ended December 31. The left column is prepared before any adjusting entries are recorded, and the right column includes the effects of adjusting entries. The compar 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 Commissions earned Total revenues $24,000 42,500 $66, 500 $28, 800 42,500 71, 300 Expenses Depreciation expense-Computers Depreciation expense-Office furniture Salaries expense Insurance expense Rent expense Office supplies expense Advertising expense Utilities expense Total expenses 1, 200 1,400 14,460 1,048 4, 500 384 3,000 1,306 27,290 $45,250$44, e1e 12,500 4,500 3,000 1, 250 21,250 Net income Analyze the statements and prepare the eight adjusting entries that likely were recorded. (Note: 30% of the $4,800 adjustment for Fees Earned has been earned but not billed, and the other 70% has been earned by performing services that were paid for in advance.)