Please help me find the correct answers to the boxes marked with red check marks (there should be three boxes). I have provided the other images for extra information.
Complete this question by entering your answers in the tabs below. Prepare a balance sheet. Problem 5.4A (Algo) Preparing a worksheet and financial statements, journalizing adjusting entries, and posting to ledger accounts. LO 5-2, 5-3, 5-4, 5-5 Angela Mosicy owns Innovative Designs. The trial baiance of the firm for January 31, 20X1, the first month of operations, is shown below. End of the -month adjustments must account for the followng ltems: a. Supplies were purchased on January 1,20X1; inventory of supplies on January 31, 20X1, is $1,300 b. The prepald advertising contract was signed on January 1,201, and covers a four-month period. c. Rent of $1,800 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 additonal investments were made by the ownet during the month. 3. Journalize and post the adjusting entries. Analyze If the adjusting entries had not been made for the month, by what amount would net income be overstoted or understated? Complete this question by entering your answers in the tabs below. Cemplete the worksheet for the month. Complete the worksheet for the month. month. Complete this question by entering your answers in the tabs below. Prepare an income statement. 1. Complete the worksheet for the month. 2. Prepare an income statement, statement of owner's equity, and balance sheet. No additional investmen owner during the month. 3. Journalize and post the adjusting entries. Analyze If the adjusting entries had not been made for the month, by what amount would net income be overstated or un ( Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. If the adjusting entries had not been made for the month, by what amount woulu net income be overstated or understated Journalize the adjusting entries. Analyze It 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. Prepare a statement of owner's equity, No additional investments were made by the owner during the month