Classification of Each Balance Sheet Item

Income Current
Balance Sheet
Statement Asset Fixed Asset
Accounts Payable √
Accounts Receivable √ √
Advertising Expense √
Cash √ √
Capital √
Equipment √ √
Fees Income √
Machinery √ √
Mortgage Payable √
Notes Receivable √ √
Other Income √
Salaries Expense √
Supplies √ √
Supplies Expense √
t Item

Current Long-Term
Liability Liability
√

√
 Analyzing and Classifying Transactions

Debit Kredit
(a) Capital Is Increased √
(b) Cash Is Decreased √
(c) Accounts Payable Is Increased √
(d) Rent Expense Is Increased √
(e) Equipment Is Increased √
(f) Fees Income Is Increased √
(g) Capital Is Decreased (Through drawing) √
 Nalezny Advertising
Trial Balance
31-Dec-22
Unadjusted
Dr. Cr. Dr.
Cash € 11,000
Accounts Receivable 20,000 € 1,500
Supplies 8,400
Equipment 60,000
Accumulated Depreciation-Equipment € 28,000
Accounts Payable 5,000
Unearned Advertising Revenue 7,000 1,400
Salaries and Wages Payable 0
Share Capital-Ordinary 10,000
Retained Earnings 4,800
Advertising Revenue 58,600
Salaries and Wages Expense 10,000 1,300
Depreciation Expense 0 7,000
Supplies Expense 0 3,400
Rent Expense 4,000
€ 113,400 € 113,400 € 14,600
g Adjusting Journal Entr
Tanggal
31-Dec
Adjusted
Cr. Dr. Cr
€ 11,000 31-Dec
21,500
3,400 5,000 31-Dec
60,000
€ 7,000 € 35,000 31-Dec
5,000
5,600
1,300 1,300
10,000
4,800
2,900 61,500
11,300
7,000
3,400
4,000
€ 14,600 € 123,200 € 123,200
 Adjusting Journal Entry
Description Dr. Cr.
Accounts Receivable € 1,500
Unearned Advertising Revenue 1,400
Advertising Revenue € 2,900
Supplies Expense 3,400
Supplies 3,400
Depreciation Expense 7,000
Accumulated Depreciation-Equipment 7,000
Salaries and Wages Expense 1,300
Salaries and Wages Payable 1,300

TOTAL € 14,600 € 14,600

 Nalezny Advertising
Adjusted Trial Balance
31-Dec-22
Account Debit Credit
Cash € 11,000
Accounts Receivable 21,500
Supplies 5,000
Equipment 60,000
Accumulated Depreciation-Equipment € 35,000
Accounts Payable 5,000
Unearned Advertising Revenue 5,600
Salaries and Wages Payable 1,300
Share Capital-Ordinary 10,000
Retained Earnings 4,800
Advertising Revenue 61,500
Salaries and Wages Expense 11,300
Depreciation Expense 7,000
Supplies Expense 3,400
Rent Expense 4,000
€ 123,200 € 123,200

Nalezny Advertising
Income Statement
For the Month Ended December 31, 2022
Revenue
Advertising Revenue € 61,500

Expenses
Salaries and Wages Expense € 11,300
Supplies Expense 3,400
Rent Expense 4,000
Depreciation Expense 7,000
Total Expenses -€ 25,700

Net Income € 35,800

Nalezny Advertising
Retained Earnings Statement
 For the Month Ended December 31, 2022

Retained Earnings, December 1 € 4,800

Add: Net Income 35,800

Retained Earnings, December 31 40,600

 Nalezny Advertising
Statement of Financial Position
31-Dec-22
Assets
Equipment € 60,000
Less: Accumulated Depreciation-Equipment 35,000 € 25,000
Supplies 5,000
Accounts Receivable 21,500
Cash 11,000
Total Assets € 62,500

Equity and Liabilities

Equity
Share Capital-Ordinary € 10,000
Retained Earnings 40,600
Total Equity € 50,600

Liabilities
Accounts Payable € 5,000
Unearned Advertising Revenue 5,600
Salaries and Wages Payable 1,300
Total Liabilities € 11,900
Total Equity and Liabilities € 62,500