Exercise $3-15($Algo$)$ Analyzing and preparing adjusting entries LO P$5$

Following are two income statements for Alexis Company for the year ended December $31.$ The left number column is prepared before adjusting entries are recorded, and the right column is prepared after adjusting entries. The company records cash receipts and payments related to unearned and prepaid items in balance sheet accounts. Analyze the statements and prepare the seven adjusting entries a$.$ through g$.$ that likely were recorded. Hint: The entry for a$.$ refers to revenue that has been earned but not yet billed. No adjusting entry involves cash.$\backslash$table$[[$No$,$Event,General Journal,Debit,Credit$],[1,$a$,$Accounts receivable,$,4,500,],[,$Services revenue,$,,4,500$Income Statements

For Year Ended December $31$

Unadjusted Adjustments Adjusted

Revenues

Services revenue $ $24,000$ a$.$ $ $29,400$

Commissions revenue $42,50042,500$

Total revenues $ $66,50071,900$

Expenses

Depreciation expense$$Computers $0$ b$.1,350$

Depreciation expense$$Office furniture $0$ c$.1,575$

Salaries expense $12,500$ d$.14,705$

Insurance expense $0$ e$.1,170$

Rent expense $4,5004,500$

Office supplies expense $0$ f$.432$

Advertising expense $3,0003,000$

Utilities expense $1,250$ g$.1,313$

Total expenses $21,25028,045$

Net income $ $45,250$ $ $43,855$