This is one question The wording is the top half the chart i

This is one question.. The wording is the top half, the chart is the second half.

Paula Judge owns Judge Creative Designs. The trial balance of the firm for January 31, 2019, the first month of operations, is shown below End-of-the-month adjustments must account for the following items: a. Supplies were purchased on January 1, 2019, inventory of supplies on January 31, 2019, is $600. b. The prepaid advertising contract was signed on January 1, 2019, and covers a four-month period. c. Rent of $1,100 expired during the month d. Depreciation is computed using the straight-line method. The equipment has an estimated useful life of 10 years with no salvage value Required 1. Complete the worksheet for the month 2. Prepare an income statement, statement of owner\'s equity, and balance sheet. No additional investments were made by the owner during the month 3. Journalize and post the adjusting entries. Analyze If the adjusting entries had not been made for the month, would net income be overstated or understated? plete this question by entering your answers in the tabs below Reg 2 BalReq 3 Gen Reg 3 Ledgers Analyze Req 2 Inc Req 2 Stmt ofR Req 1 Stmt ?? Sheet Complete the worksheet for the month JUDGE CREATIVE DESIGNS Worksheet Month Ended January 31, 2019 Adjusted Trial Balance Credit Income State Debit Trial Balance Debit Credit 34,500 11,600 $

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JUDGE CREATIVE DESIGNS
Worksheet
Month ending January 31, 2019
Account	Trial Balance	Adjustments	Adjusted	Income Statement	Balance Sheet
Debit	Credit	Debit	Credit	Debit	Credit	Debit	Credit	Debit	Credit
Cash	34500				34500				34500
Accounts Receivable	11600				11600				11600
Supplies	5750			5150	600				600
Prepaid Advertising	4400			1100	3300				3300
Prepaid Rnt	13200			1100	12100				12100
Equipment	45600				45600				45600
Accumulated Depreciation - Equipment				380		380				380
Accounts Payable		14550				14550				14550
Paula Judge, Capital		59000				59000				92770
Paula Judge, Drawings	6000				6000
Fees Income		57100				57100		57100
Advertising Expense			1100		1100		1100
Depreciation Expense - Equipment			380		380		380
Rent Expense			1100		1100		1100
Salaries Expense	8700				8700		8700
Supplies Expense			5150		5150		5150
Utilities Expense	900				900		900
Total	130650	130650	7730	7730	131030	131030	17330	57100	107700	107700
Income Summary							39770
Grand Total	130650	130650	7730	7730	131030	131030	57100	57100	107700	107700