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Following are two income statements for Alexis Company for the year en.docx

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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 entrles a. through g. that llkely were recorded. Hint. The entry for a. refers to revenue that has been earned but not yet bllled. No adjusting entry involves cash. revenue that has been earned but not yet billed. Noo adjusting entry involves cash. 1 Record the adjusting entry for accrued revenues. 2 Record depreciation on computers. 3 Record depreciation on office furniture. 4 Record the adjusting entry related to salaries. 5 Record the adjusting entry related to insurance. Credit 6 Record the adjusting entry related to office supplies. 7 Record the adjusting entry related to utilities. Note: = journal entry has been entered .

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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 entrles a. through g. that llkely were recorded. Hint. The entry for a. refers to revenue that has been earned but not yet bllled. No adjusting entry involves cash. revenue that has been earned but not yet billed. Noo adjusting entry involves cash. 1 Record the adjusting entry for accrued revenues. 2 Record depreciation on computers. 3 Record depreciation on office furniture. 4 Record the adjusting entry related to salaries. 5 Record the adjusting entry related to insurance. Credit 6 Record the adjusting entry related to office supplies. 7 Record the adjusting entry related to utilities. Note: = journal entry has been entered

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