X 3 02:13:33 Following are two income statements for Javelin Company for the month ended December 31, 2023. The second column was prepared before any adjusting entries were recorded and the fourth column includes the effects of adjusting entries. The company records cash receipts and disbursements related to unearned and prepaid items in balance sheet accounts. (Note: Of the $12,500 increase in Revenue, 25% represents additional revenue but not billed. The other 75% was earned by performing services that the customers had paid for in advance.) Revenues: Service revenue Commissions revenue Total revenues Operating expenses: 2000-2005 Depreciation expense, computers Depreciation expense, office furniture Salaries expense Insurance expense Rent expense Office supplies expense Advertising expense Utilities expense Total operating expenses Profit JAVELIN COMPANY Income Statements For Month Ended December 31, 2023 Before View transaction list Adjustments Adjustments $ 52,500 90,000 $ 142,500 $ 0 0 25,500 0 9,500 0 6,500 2,550 $ 44,050 $ 98,450 After Adjustments $ 65,000 90,000 $155,000 $ 3,500 4,000 30,900 3,100 9,500 1,010 6,500 2,740 $ 61,250 $ 93,750 Analyze the statements and prepare the adjusting entries that must have been recorded.

Following ate two income statements for Javelin Company for the month ended December 31, 2023. The second column was prepared before any adjusting entries were recorded and the fourth column includes the effects of adjusting entries. The company records cash receipts and disbursements related to unearned and prepaid items in bolance sheet accounts. (Note: Of the $12,500 increase in Revenue, 25% represents additional revenue but not billed. The other 75% was eamed by performing services that the customers had paid for in advance) Analyze the statements and prepare the adjusting entries that must have been recorded