Paula Judge owns Judge Creative Designs. The trial balance of the firm for January 31, 2019, the first month of operations, is shown below. End-of-the-month adjustments must account for the following items: $950 a. Supplies were purchased on January 1, 2019; inventory of supplies on January 31, 2019, b. The prepaid advertising contract was signed on January 1, 2019, and covers a four-month period. c. Rent of $1,450 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 If the adjusting entries had not been made for the month, would net income be overstated or understated? Complete this question by entering your answers in the tabs below. Req 2 Stmt of OE Req 2 Inc Stmt Req 2 Bal Sheet Req 3 Gen Journal Req 3 Ledgers Analyze Req 1 Complete the worksheet for the month. JUDGE CREATIVE DESIGNS Worksheet Month Ended January 31, 2019 Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Name Debit Debit Credit Credit Debit Credit Credit Debit Credit Debit 35,200 35,200 35,200 Cash $ $ $ 12,300 12,300 12,300 Accounts Receivable 950 6,200 Supplies 7,150 950 Prepaid Advertising 7,200 Prepaid Rent 17,400 37,200 Equipment Accumulated Depreciation-Equipment Accounts Payable 15,250 59,700 Paula Judge, Capital Paula Judge, Drawing 6,700 58,850 Fees Income Advertising Expense Depreciation Expense-Equipment Rent Expense 9,400 Salaries Expense Supplies Expense Utilities Expense 1,250 48,450 $ 133,800 0$ 48,450 Sub-Totals $ $ $ $ $ $ 133,800 6,200 0 0$ 48,450 $ $ $ 0 Totals JUDGE CREATIVE DESIGNS Income Statement Month Ended January 31, 2019 Revenue Expenses 0 Total expenses $ 0 JUDGE CREATIVE DESIGNS Statement of Owner's Equity Month Ended January 31, 2019 0 $ 0 JUDGE CREATIVE DESIGNS Balance Sheet January 31, 2019 Assets 0 $ 0 Total assets Liabilities and owner's equity Liabilities Owner's Equity $ Total Liabilities and Owner's Equity