t View History Bookmarks Window Help 0,3-Ex 2-4, 6-10 2.4,6-10 6 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 company records cash receipts and paeyments ALEXIS co Tor Tear Ended December 31 Fees earned Commissions earned Total revenues 24,000 $30.600 42,500--,300 . 566, 500 Expenses Depreciation expense-Computers 1.650 Depreciation expense-office furniture Salaries Insurance Rent expense 12,500 15,195 1,430 4,5004,500 Office supplies expenae 3,0003,00 Utilitie expens Total expenses 21,250 29,555 Net income Analyze the statements and prepare the eight adjusting entries that likely were recorded. (Note 30% of the S6600 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)