1. Complete the worksheet for the month.

2. Prepare an income statement, statement of owners equity, and balance sheet. No additional investments were made by the owner during the month.

3. Journalize and post the adjusting entries.

Help Save & Exit Submit 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 $1200 b. The prepaid advertising contract was signed on January 1, 2019, and covers a four-month period c. Rent of $1,700 expired during the month. epreciation is computed using the straight line method. The equipment has an estimated useful ife of 10 years with no salvage value. Required 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