i did the first part of this problem. the first 2 pictures are the question and what ive done so far. please help me out with the rest i am so lost and this is due in like 2 hours
Shayla Green owns Creative Designs. The trial balance of the firm for January 31, 20x1, 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, 20Xt; inventory of supplies on January 31, 20x1, is $3,200. b. The prepaid advertising contract was signed on January 1, 20x1, 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 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 of the adjusting entries had not been made for the month, by what amount would net income be overstated or understated? Complete this question by entering your answers in the tabs below. Reine Stm Regen Journal nea zigot of nog 200l Reg 1 Ang 3 Ledgers Anatyre Complete the worksheet for the month Account Name Adjustment Deb Credit Income St Debre $ 5 ial Balance Debit Credit 78,000 27,200 19.500 24.800 50.400 07.200 16,100 6,200 4200 Adjusted Trial Balance Dobit Credit 73.000 27,200 3,200 18.600 46.2001 67.2001 560 33,100 122.000 560 33100 122.000 Cash Accounts receivable Supplies Prepaid advertising Prepaid rent Equipment Accumulated depreciation Equipment Accounts payable Saya Green Capital Shaya Green, Dewing Foes income Ading expert Depreciation per Equipment Rentemente Sweeper Suspense Upen Subt not income 16.000 16.000 148.200 141.2001 0.200 560 4200 5.200 500 4200 21.00 6.200 500 200 31.400 10,00 3000 303.60 10,300 3.000 033005 21400 10.300 1600 52.400 9570 1.00 5 100-300 27.2005 27.200 303.2005 Req2 in Stml> Req 2 Bal Req 2 Inc Stmt Req 2 Stmt of OE Req 3 Gen Journal Req 1 Req 3 Ledgers Sheet Prepare an income statement. CREATIVE DESIGNS Income Statement Month Ended January 31, 20X1 Revenue Fees income Cash Expenses Supplies expense Salaries expense Utilities expense Depreciation expense-Equipment Rent expense 0 Total expenses $ 0 Complete this question by entering your answers in the tabs below. Req 2 Inc Stmt Reg 1 Req 2 Spint of OE Reg 2 Bal Sheet Req 3 Gen Journal Analyze Reg 3 Ledgers Prepare a statement of owner's equity. No additional Investments were made by the owner during the month. CREATIVE DESIGNS Statement of Owner's Equity Month Ended January 31, 20X1 0 0 IVY Stmt Sheet Journal Hy wouyen niye Prepare a balance sheet. CREATIVE DESIGNS Balance Sheet January 31, 20X1 Assets 0 0 Total assets Liabilities and Owner's Equity Liabilities Owner's Equity Total Liabilities and Owner's Equity RALLO ve
