Shayla Green owns Design Company. The trial balance of the firm for January 31, 2021, the first month of operations, is included on the trial balance tab. End-of-the-month adjustments must account for the following items: a. Supplies were purchased on January 1, 2021; inventory of supplies on January 31, 2021, is $3,200. b. The prepaid advertising contract was signed on January 1, 2021, and covers a four-month period. c. Rent of $4,200 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. Requirement General Journal General Ledger Trial Balance Income Statement St Owner Equity Balance Sheet Impact on Income Show less 33% of available points - For transactions 1-4, review the unadjusted balance (found on the General Ledger or Trial Balance tab) and prepare the adjusting entry necessary to correctly report the revenue earned or expense incurred. After adjusting the accounts, review the financial statements for accuracy. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Date Account Title Debit Credit 1 Jan 31, 2021 Supplies expense 16,300 Supplies 2 Jan 31, 2021 Advertising expense 6,200 16,300 Show less