the first 5 pictures show the question and what i have done so far. the last 3 pictures is all that i have left to answer. i know al the pictures look overwwhelming but it isnt thta much. pls help!
Shayla Green owns Creative Designs. The trial balance of the firm for January 31, 20x1, the first month of operations, is shown below End-of-the-month adjustments must account for the following items: a. Supplies were purchased on January 1, 20Xt; inventory of supplies on January 31, 20x1, is $3,200. b. The prepaid advertising contract was signed on January 1, 20x1, 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 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. Analyzer in 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. Red 2nd Strat ReGen Journal new 2 of 10 20 Reg1 RG 3 Ledgers Analye Complete the worksheet for the month VIVA Account Name Adjustments Debit Credin Income St Debre $ 5 mal Balance Debit Credit 72.000 27.200 19.500 24.300 50,400 67,200 16,100 5,200 4.200 560 33 100 122.000 Adjusted Trial Balance Debit Credit 73,000 27 2001 3.200 TELEO 46,200 67.2001 5601 33,100 122.000 16,000 141.200 6.200 500 4.200 21,400 30,00 3800 300.000 303 300 5 Cash Accounts receivable Supplies Prepaid advertising Prepade Equipment Accumulated depreciation--Equipment Accounts payable Shayla Green Capital Shaya Green, Drawing Foes income Ang expert Depreciation expense Equipment Rente pense sos Sus expense Upen Gubat ut income Tos 16.000 185.200 0.200 560 4200 21.600 10,300 6.200 500 4.200 21400 10.300 1600 52.400 5.700 14.00 3.000 3033005 5 100,300 27.2005 27.260 Re2 inc Samt> Complete this question by entering your answers in the tabs below. Req 2 Inc Stmt Reg 2 Stmt of OE Red 2 Bal Sheet Reg 3 Gen Journal Req1 Reg 3 Ledgers Analyze Prepare an income statement. CREATIVE DESIGNS Income Statement Month Ended January 31, 20X1 Revenue Fees Income 148.200 Expenses Advertising expense Depreciation expense Equipment Rent expense Salarios expense Supples expense Utilities expense 5.200 560 4.200 21. 16.300 3.800 Total expenses 52:460 95.740 Saved Complete this question by entering your answers in the tabs below. Rey 2 Bal Req 2 Stmt of OE Req 3 Gen Journal Req 3 Ledgers Analyze Req 2 Inc Stmt Req 1 Sheet Prepare a balance sheet. CREATIVE DESIGNS Balance Sheet January 31, 20X1 Assets Cash | Accounts receivable Supplies Prepaid advertising Prepaid rent Equipment Less: Accumulated depreciation Equipment 73,000 27.2001 3,200 18,600 46,200 $ 67,200 560 66,640 234,840 $ Total assets Liabilities and Owner's Equity Liabilities Accounts payable $ 33,100 Owner's Equity Reg 2 Inc Stmt Req 2 Stmt of OE Reg 2 Bai Sheet Keg 3 Gen Journal Reg 1 Analyze Req 3 Ledgers Journalize the adjusting entries. View transaction list Journal entry worksheet 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 3. Journalize and post the adjusting entries. Analyze: of 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. Reg 2 Bal Reg 2 Inc Strnt Reg 2 Stmnt of DE Reg 3 Gen Journal Reg 3 Ledgers Reg 1 Analyze Sheet If the adjusting entries had not been made for the month, by what amount would net income be overstated or understated? Not incomo Amount ( Req 3 Ledgers
