Paula Judge owns Judge Creative Designs. The trial balance of the firm for January 31, 2019, the first month of operations, is shown End-of-the-month adjustments must account for the following items: a. Supplies were purchased on January 1, 2019; inventory of supplies on January 31, 2019, is $600 b. The prepaid advertising contract was signed on January 1, 2019, and covers a four-month period. c. Rent of $1,100 expired during the month. d. Depreciation is computed using the straight-ine 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 belovw Req 2 Inc Req 2 Stmt of Req 2 Bal Req 3 Gen Req 1tteReq 3 Ledgers Analyze OE Complete the worksheet for the month JUDGE CREATIVE DESIGNS Month Ended January 31, 2019 Debit S 34,500 11,600 Paula Judge owns Judge Creative Designs. The trial balance of the firm for January 31, 2019, the first month of operations, is shown End-of-the-month adjustments must account for the following items: a. Supplies were purchased on January 1, 2019; inventory of supplies on January 31, 2019, is $600 b. The prepaid advertising contract was signed on January 1, 2019, and covers a four-month period. c. Rent of $1,100 expired during the month. d. Depreciation is computed using the straight-ine 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 belovw Req 2 Inc Req 2 Stmt of Req 2 Bal Req 3 Gen Req 1tteReq 3 Ledgers Analyze OE Complete the worksheet for the month JUDGE CREATIVE DESIGNS Month Ended January 31, 2019 Debit S 34,500 11,600