Analyze the statements and prepare the eight adjusting entries athrough g that likely were recorded. Note: Answer for ahas two entries 30% of (i) the $5,400 adjustment for Fees Earnedhas been earned but not billed, and (ii) the other 70% has beenearned by performing services that were paid for in advance.

Following are two income statements for Alexis Co. for the yearended December 31. The left number column is prepared before anyadjusting entries are recorded, and the right column includes theeffects of adjusting entries. The company records cash receipts andpayments related to unearned and prepaid items in balance sheetaccounts. The middle column shows a blank space for each incomestatement effect of the eight adjusting entries a through g (thebalance sheet part of the entries is not shown here).

ALEXIS CO. Income Statements For Year Ended December 31
	Unadjusted				Adjustments				Adjusted
Revenues
Fees earned	$	24,000				a.			$	29,400
Commissions earned		42,500								42,500
Total revenues	$	66,500								71,900
Expenses
Depreciationexpense—Computers		0				b.				1,350
Depreciation expense—Officefurniture		0				c.				1,575
Salaries expense		12,500				d.				14,705
Insurance expense		0				e.				1,170
Rent expense		4,500								4,500
Office supplies expense		0				f.				432
Advertising expense		3,000								3,000
Utilities expense		1,250				g.				1,313
Total expenses		21,250								28,045
Net income	$	45,250							$	43,855