ACCT 100 - Homework Chapter 5 Complete the following on the forms provided: The T-Accounts (Ledger) for Judge Creative Designs are provided. The End-of-the-month adjustments are as follows: a. The supplies were purchased on January 1, 2019; as of January 31, 2019, $1,600 of the supplies were left. b. The prepaid advertising contract was signed on January 1, 2019, and covers a four-month period. C. The rent was paid for the entire year on January 1, 2019. d. Depreciation is computed using the straight-line method. The equipment has an estimated useful life of 10 years with no salvage value and was purchased 1/2/19 Instructions: 1. Prepare the Trial Balance for Judge Creative Designs for January 31, 2019. 2. Record the adjusting entries in the journal. 3. Post the adjusting entries to the T-Accounts 4. Prepare the Adjusted Trial Balance for Judge Creative Designs for January 31, 2019 5. Prepare the income Statement, Statement of Owner's Equity and Balance Sheet for the month ended January 31, 2019 PSAA Judge Creative Designs T-Accounts For the Month Ended January 31, 2019 Accumulated Depreciation Expense - Equipment 36.500 Accounts Recoivable Accounts Payable 13 600 16,550 Rent Expense Sundies Paula Jude Capital 9.750 61.000 Salaries Expense Paula Jude. Drawing Prepaid Advertising 10,700 8.000 12.400 Supplies Expense Pred Rent Fees Income 25.200 74.100 Equipment Advertising Expense Utilities Eense 1.900 Judge Creative Designs Trial Balance January 31, 2019 Account Name Debit Credit Judge Creative Designs Adjusted Trial Balance January 31, 2019 Debit Credit Account Name Cash Accounts Receivable Supplies Prepaid Advertising Prepaid Rent Equipment Accumulated Depreciation-Equipment Accounts Payable Paula Judge, Capital Paula Judge, Drawing Income Summary Fee Income Advertising Expense Depreciation Expense Rent Expense Salaries Expense Supplies Expense Utilities Expense Sub-total Net Income Totals Judge Creative Designs Income Statement For the month ended January 31, 2019 er_5_P5.4A HW - Compatibility Mode - Saved - Search References Mailings Review View Help Judge Creative Designs Statement of Owner's Equity For the month ended January 31, 2019 / / / / / Judge Creative Designs Balance Sheet January 31, 2019