Angela Mosley owns innovative Designs. The trial balance of the firm for January 31,201, the...
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Accounting
Angela Mosley owns innovative Designs. The trial balance of the firm for January 31,201, 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, 20X1; inventory of supplies on January 31,201, is $1,350. b. The prepaid advertising contract was signed on January 1,20X1, and covers a four-month period. c. Rent of $1,850 explred during the month. d. Depreclation is computed using the straight-line method. The equipment has an estimated useful life of 10 years with no salvage value. Required: Complete the works heet for the month
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