Nalezny Advertising was founded by Casey Hayward in January 2012.

Presented below are both the adjusted and

unadjusted trial balance as of Desember 31, 2022.

Nalezny Advertising
Trial Balance
December 31, 2022
Unadjusted Adjusted
Dr. Cr. Dr.
Cash € 11,000 € 11,000
Accounts Receivable 20,000 21,500
Supplies 8,400 5,000
Equipment 60,000 60,000
Accumulated Depreciation–Equipment € 28,000
Accountts Payable 5,000
Unearned Advertising Revenue 7,000
Salaries and Wages Payable -
Share Capital–Ordinary 10,000
Retained Earnings 4,800
Advertising Revenue 58,600
Salaries and Wages Expense 10,000 11,300
Depreciation Expense 7,000
Supplies Expense 3,400
Rent Expense 4,000 4,000
€ 113,400 € 113,400 € 123,200

Nalezny Advertising
Income Statement
For the Year Ended December 31, 2022
Revenues
Advertising revenue € 61,500
Expenses
Salaries and wages expense € 11,300
Depreciation expense 7,000
Rent expense 4,000
Supplies expense 3,400
Total expenses 25,700
Net income € 35,800

Nalezny Advertising
Retained Earnings Statement
For the Year Ended December 31, 2022
Retained Earnings, January 1, 2022 € 4,800
Add: Net income 35,800
Retained Earnings, December 31, 2022 € 40,600
oth the adjusted and

Adjusted
Cr.

€ 35,000
5,000
5,600
1,300
10,000
4,800
61,500

€ 123,200

Nalezny Advertising
Statement of Financial Position
December 31, 2022
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 wage payable 1,300
Total liabilities 11,900
Total equity and Liabilities € 62,500