payments related to unearned and prepaid items in balance sheet accounts. ALEXTS CO. Income Statemente Tor Year Ended December 31 Unndjunted Adjusted Revenues Feen earned $24,000 $30,600 Commissions earned 42,500 42,500 Total revenues $66,500 73,100 Expenses Depreciation expense-Computers 0 1,650 Depreciation expense-office furniture 0 1,925 Salaries expense 12,500 15,195 Insurance expense 0 1,430 Rent expense 4,500 4,500 office supplies expense 0 528 Advertising expense 3,000 3,000 Utilities expense 1,250 1,327 Total expenses 21,250 29,555 Net income $45,250 $43,545 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