Exercise 3-15 (Algo) Analyzing and preparing adjusting entries LO P5 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. Adjusted $ 20,000 42.500 71,300 Income Statements For Year Ended December 31 Unedjusted Adjustments Revenues Services revenue $ 24,000 Commissions revenue 42,500 Total revenues 5 66,500 Expenses Depreciation expense-Computers 0 Depreciation expense office furniture 0 Salaries expense 12,500 Insurance expense Rent expense office supplies expense Advertising expense utilities expense 1250 Total expenses 21,250 Net Inco 545.250 1,200 1,400 14,460 1.040 1,500 >,000 1300 27-29 5.44,010 Analyze the statements and prepare the seven adjusting entries a through that likely were recorded in the entry for a refers to revenue that has been camned but not yet beled No adjusting entry involves cash View transaction list Journal entry worksheet 2 3 4 5 6 Accounts receivable Record the IN Accumulated depreciation-Computers Accumulated depreciation-Office furniture Advertising expense Automobiles Note: Enter det Event Debit Credit a Record entry Clear entry View general journal View transaction list Journal entry worksheet Record depreciation on computers. Note: Enter debits before credits. Event General Journal Debit Credit b Record entry Clear entry View general Journal View transaction list Journal entry worksheet Record depreciation on office furniture, Note: Enter debits before credits Event General Journal Debit Credit C Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the adjusting entry related to salaries. Note: Enter debits before credits. Event General Journal Debit Credit d Record entry Clear entry View general Journal View transaction list Journal entry worksheet Record the adjusting entry related to insurance. Note: Enter debits before credits Event General Journal Debit Credit Record entry Clear entry View general Journal View transaction list Journal entry worksheet Record the adjusting entry related to utilities. Note: Enter debits before credits Event General Journal Debit Credit 9 Record entry Clear entry View general journal