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  • Melisa Aulia Putri - 2EB09 - AKM#1 - TM#3

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    rully movizar
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    1) The document provides financial statements for Nalezny Advertising for the month ending December 31, 2022 including a trial balance, income statement, retained earnings statement, and statement of financial position. 2) The income statement shows advertising revenue of €61,500 and expenses of €25,700 resulting in net income of €35,800. 3) The retained earnings statement shows an increase in retained earnings from €4,800 to €40,600, equal to net income. 4) The statement of financial position lists total assets of €62,500 including equipment worth €25,000, and total equity and liabilities of €62,500 including share capital and retained earnings totaling €

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    AKM#1

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    Melisa Aulia Putri_2EB09_AKM#1_TM#3

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    1) The document provides financial statements for Nalezny Advertising for the month ending December 31, 2022 including a trial balance, income statement, retained earnings statement, and statement of financial position. 2) The income statement shows advertising revenue of €61,500 and expenses of €25,700 resulting in net income of €35,800. 3) The retained earnings statement shows an increase in retained earnings from €4,800 to €40,600, equal to net income. 4) The statement of financial position lists total assets of €62,500 including equipment worth €25,000, and total equity and liabilities of €62,500 including share capital and retained earnings totaling €

    Copyright:

    © All Rights Reserved
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    21 views8 pages

    Melisa Aulia Putri - 2EB09 - AKM#1 - TM#3

    Uploaded by

    rully movizar
    1) The document provides financial statements for Nalezny Advertising for the month ending December 31, 2022 including a trial balance, income statement, retained earnings statement, and statement of financial position. 2) The income statement shows advertising revenue of €61,500 and expenses of €25,700 resulting in net income of €35,800. 3) The retained earnings statement shows an increase in retained earnings from €4,800 to €40,600, equal to net income. 4) The statement of financial position lists total assets of €62,500 including equipment worth €25,000, and total equity and liabilities of €62,500 including share capital and retained earnings totaling €

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 8

    Description Income Balance Current Fixed Current

    Statement Sheet Asset Asset Liability


    Accounts Payable
    Accounts Receivable
    Advertising Expense
    Cash
    Capital
    Equipment
    Fees Income
    Machinery
    Mortgage Payable
    Notes Receivable
    Other Income
    Salaries Expense
    Supplies
    Supplies Expense
    Long-Term
    Liability
    Analyzing and Classifying Transactions
    Description Debit Credit
    A) Capital is increased
    B) Cash in 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
    December 31, 2022
    Unadjusted
    Description
    Debit Credit
    Cash € 11.000
    Accounts Receivable € 20.000
    Supplies € 8.400
    Equipment € 60.000
    Accumulated Depreciation-Equipment € 28.000
    Accounts Payable € 5.000
    Unearned Advertising Revenue € 7.000
    Salaries and Wages Payable -o-
    Share Capital-Ordinary € 10.000
    Retained Earnings € 4.800
    Advertising Revenue € 58.600
    Salaries and Wages Expense € 10.000
    Depreciation Expense
    Supplies Expense
    Rent Expense € 4.000
    € 113.400 € 113.400
    Adjusted
    Debit Credit
    € 11.000
    € 21.500
    € 5.000
    € 60.000
    € 35.000
    € 5.000
    € 5.600
    € 1.300
    € 10.000
    € 4.800
    € 61.500
    € 11.300
    € 7.000
    € 3.400
    € 4.000
    € 123.200 € 123.200
    Nalezny Advertising
    Income Statement
    For the Ended Month of December 31, 2022
    Revenue
    Advertising Revenue € 61.500
    Expenses
    Salaried and Wages Expense € 11.300
    Depreciation Expense € 7.000
    Supplies Expense € 3.400
    Rent Expense € 4.000
    Total Expense € 25.700

    Net Income € 35.800


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

    Retained Earnings, December 1 € 4.800


    Add : Net Income € 35.800
    € 40.600
    Less : Dividens € -
    Retained Earnings, December 31 € 40.600
    Nalezny Advertising
    Statement of Financial Position
    For the Ended Month of December 31, 2022

    Asset
    Equipment € 60.000
    Less : Acumulated Depreciation Equipment € 35.000
    € 25.000

    Supplies € 5.000
    Accounts Receivable € 21.500
    Cash € 11.000
    Total Asset € 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

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