General Ledger Problem 5.3 (based on Problem 5.4A). LO 5-1, 5-2, 5-3, 5-4, 5-5 Shayla Green owns Design Company. The trial balance of the firm for January 31,2024 , the first month of operations, is included on the trial balance tab. End-of-the-month adjustments must account for the following items: a. Supplies were purchased on January 1,2024; inventory of supplies on January 31,2024 , is $3,200. b. The prepaid advertising contract was signed on January 1, 2024, and covers a four-month period. c. Rent of $4,200 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. \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{TrialBalanceJanuary31,2024} \\ \hline & & & Credit \\ \hline ACash & $ & 73,000 & \\ \hline AAccountsreceivable & & 27,200 & \\ \hline Supplies & & 16,300 & \\ \hline Arepaid rent & & 50,400 & \\ \hline AEquipment & & 67,200 & \\ \hline AAccountspayable & & & 33,100 \\ \hline Shayla Green, Capital & & & 122,000 \\ \hline Shayla Green, Drawings & & 16,000 & \\ \hline Fees income & & & 148,200 \\ \hline Advertising expense & & 24,800 & \\ \hline Salaries expense & & 21,400 & \\ \hline Supplies expense & & 16,300 & \\ \hline Utilities expense & & 3,800 & \\ \hline Total & S & 316,400$ & 303,300 \\ \hline \end{tabular} General Ledger Problem 5.3 (based on Problem 5.4A). LO 5-1, 5-2, 5-3, 5-4, 5-5 Shayla Green owns Design Company. The trial balance of the firm for January 31,2024 , the first month of operations, is included on the trial balance tab. End-of-the-month adjustments must account for the following items: a. Supplies were purchased on January 1,2024; inventory of supplies on January 31,2024 , is $3,200. b. The prepaid advertising contract was signed on January 1, 2024, and covers a four-month period. c. Rent of $4,200 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. \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{TrialBalanceJanuary31,2024} \\ \hline & & & Credit \\ \hline ACash & $ & 73,000 & \\ \hline AAccountsreceivable & & 27,200 & \\ \hline Supplies & & 16,300 & \\ \hline Arepaid rent & & 50,400 & \\ \hline AEquipment & & 67,200 & \\ \hline AAccountspayable & & & 33,100 \\ \hline Shayla Green, Capital & & & 122,000 \\ \hline Shayla Green, Drawings & & 16,000 & \\ \hline Fees income & & & 148,200 \\ \hline Advertising expense & & 24,800 & \\ \hline Salaries expense & & 21,400 & \\ \hline Supplies expense & & 16,300 & \\ \hline Utilities expense & & 3,800 & \\ \hline Total & S & 316,400$ & 303,300 \\ \hline \end{tabular}