if the adjusting entries had not been made for the month, bu what amount would be net income be overstated or understand?

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, 20x1, inventory of supplies on January 31 20x1, is $1,200. b. The prepaid advertising contract was signed on January 1 20x1, and covers a four-month period. c. Rent of 51700 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. Journalire and post the adjusting entries Analyze 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. 2 Inc Sum Pued 2 Stunt of OE Reg 2 Sheet Reg 3 Gen Journal Reg 3 Ledger Analyze Complete the worksheet for the month Complete thesion by entering your own the tabs below SU BE Gen Complete with oth CHIAVE DIONS A 1 12.30 3,150 5.2001 2010 20 . 30 1 CREATIVE DESIGNS Income Statement Month Ended January 31, 20X1 Revenue Expenses Total expenses 0 0 Complete this question by entering your answers in the tabs below. Reg 1 Req 2 Inc Stmt Reg 2 Stmt of OE Reg 2 Bal Sheet Req 3 Gen Journal Req 3 Ledgers Prepare a statement of owner's equity. No additional investments were made by the owner CREATIVE DESIGNS Statement of Owner's Equity Month Ended January 31, 20X1 0 $ 0 Complete this question by entering your answers in the tabs below. Reg 2 Inc Stmt GEREG Req1 Reg 2 Stmt of OE Reg 2 Bal Sheet Req 3 Gen Journal Req 3 Ledgers Analyze 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 abilities and Owner's Equity $ 0 Journal entry worksheet Complete this question by entering your answers in the tabs below. Reg 1 Req 2 Inc Stmt Reg 2 Stmt of OE Reg 2 Bal Sheet Req 3 Gen Journal Req 3 Ledgers Prepare a statement of owner's equity. No additional investments were made by the owner CREATIVE DESIGNS Statement of Owner's Equity Month Ended January 31, 20X1 0 $ 0 Complete this question by entering your answers in the tabs below. Reg 2 Inc Stmt GEREG Req1 Reg 2 Stmt of OE Reg 2 Bal Sheet Req 3 Gen Journal Req 3 Ledgers Analyze 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 abilities and Owner's Equity $ 0 Journal entry worksheet