2 6 ints eBook Hint Print References Following are two

Last updated: 8/30/2023

2 6 ints eBook Hint Print References 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 Revenues Services revenue Commissions revenue Total revenues Expenses Depreciation expense Computers Depreciation expense Office furniture Salaries expense Insurance expense Rent expense Office supplies expense Advertising expense Utilities expense Total expenses Income Statements For Year Ended December 31 Net income Unadjusted Adjustments 24 000 42 500 66 500 0 0 12 500 4 500 3 000 1 250 21 250 45 250 a b C d e f g Adjusted 28 800 42 500 71 300 1 200 1 400 14 460 1 040 4 500 384 3 000 1 306 27 290 44 010 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 Check my work