just the one that says Judge Creative Designs

Preparing a worksheet and financial statements, journalizing adjusting entries, and posting to ledger accounts. Paula Judge owns Judge Creative Designs. The trial balance of the firm for January 31, 2019, the first month of operations, is shown below. INSTRUCTIONS 1. Complete the worksheet for the month. 2. Prepare an income statement, statement of owner's equity, and balance sheet. No ad Problem 5.4A Objectives 5-1, 5-2, 5-3, 5-4, 5-5 investments were made by the owner during the month. Journalize and post the adjusting entries. Use 3 for the journal page number. Use the following account numbers: Supplies, 121; Prepaid Advertising, 130: Prepaid Rent, 131; Accumulated Depreciation- Equipment, 142; Supplies Expense, 517; Advertising Expense, 519: Rent Expense, 520; Depreciation Expense, 523. 3. End-of-the-month adjustments must account for the following items: Supplies were purchased on January 1,2019: inventory of supplies on January 31. 2019. is $1,600. a. b. The prepaid advertising contract was signed on January 1, 2019, and covers a four-month peric Cantu Corporation Month Ended December 31, 2019 ADAUSTMENTS RIAL BALANCE DESIT Cosh Accounts Recelvoble Supplies Prepaid Advertising fo) 35 0 0 00 b)0 0 00 42 50 0l00 185 00 (c) y Accounts Poyabie s Selena Cantu, Capitol 54 500 00 Selena Contu, Drowing so Fees Income 11 Suppiies Experse 3500 00 toj Advertising Expense b) 7 00 00 Salaries Expense s Unitties Expense 8 9 0 0 00 400 00 8750 00 5050 00 Totals 17 Net Iacome 6o50 00 c. Rent of S2.100 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. Analyze: If the adjusting entries had not been made for the month, would net income be overstated or understated? Judge Creative Designs Worksheet (Partial) Month Ended January 31, 2019 ACCOUNT NAME Cash Accounts Receivable Supplies 13 600 00 9 75 0 00 12400 00 25 200 00 4 Prepoid Advertising s Prepaid Rent rAccumuloted Depreckotion-Equipment Accounts Payabie 16 5 5 0 00 61 00 0 00 Paulo Judge, Copitol o Paulo Judge, Drowing 11 Fees Income 4 100 Advertising Expense n Depreciation Expense-Equjpment te Rent Expense s Salaries Expense s Supplies Expense 10 700 00 Unoties Expense Totals 90000 151 6 5 0 00 18 151650 00 ADJUSTED TRIAL BALANCE INCOME STATEMENT BALANCE SHEET DEBIT CREDIT DEBIT DEBIT CREDIT 39 10 0 00o 6 5 0 0 00 25 50 00 85 00 00 42 5 0 0 00 39 100 00 6 5 0000 2 5 5 0 00 85 00 00 42 5 00 00 8 5 0 00 65 00 0o 54 5 00 00 8 50 00 6 5 00 00 7 5415 0 000 4 10000 41 0 0 00 57 7 5 0 00 577 5 0 00 3500 00 17 00 00 8 50 00 8190|0100| 400 00 3 500 00 1700100 85 0 00 8900 00 1400 00 12 13 15 61 50100-16 41 40 0 00 17 57 75000 103 25 0 00 19 6 00 00119 600003 41 400 00 5 750100 03 250 00 103 25000 18 19