Nalezny Advertising

Income Statement
For the Month Ended December 31, 2022

Revenues
Advertising revenue € 61,500

Expenses
Salaries 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
Statement of Financial Position
December, 31 2022

Assets
Current Assets
Cash 11,000
Account receivable 21,500
Supplies 5,000
Total Current Assets 37,500

Noncurrent assets
Equipment 60,000
Less: Accumulated depreciation - 35,000
Noncurrent assets 25,000

Total assets 62,500

Liabilities and equities

Liabilities
Accounts payable 5,000
Unearned advertising revenue 5,600
Salaries and wages payable 1,300
Total liabilities 11,900
Equities
Share capital ordinary 10,000
Retained earnings 40,600
Total equities 50,600
Total liabilities and equities 62,500
 Nalezny Advertising
Retained Earnings Statement
For the Month Ended December 31, 2022

Retained earnings, december 1 € 4,800

Add: Net income € 35,800
€ 40,600
Less: Dividends € -
Retained earnings, december 31 € 40,600