Professional Simulation The professional simulation for this chapter asks you to address questions related to the accounting information system.

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KWW Professional Simulation Accounting Information Systom Time Remaining 3 hours 50 minutos Directions Situation Journal Entries Financial Statements Explanation escurces Nalezny Advertising Agency was founded by Casey Hayward in January 2012. Presented below are both the adjusted and unadjusted trial balances as of December 31, 2015. Nalezny Advertising Agency Trial Balance December 31, 2015 Unadjusted Adjusted Dr. Cr. Dr. Cr. Cash $11,000 $11,000 Accounts Receivable 20,000 21,500 Supplies 8,400 5,000 Equipment 60,000 60,000 Accumulated Depreciation-Equipment Accounts Payable Uneamed Service Revenue 28,000 5,000 35,000 5,000 7,000 5,600 Salaries and Wages Payable 1,300 Share Capital-Ordinary 10,000 10,000 Retained Earnings 4,800 4,800 Service Revenue 58,600 61,500 Salaries and Wages Expense 10,000 11,300 Depreciation Expense 7,000 Supplies Expense 3,400 Rent Expense 4,000 $113,400 4,000 +113,400 123,200 123,200 Financial Statements Explanation sourc Journalize the annual adjusting entries that were made. (Omit explanations.) Prepare an income statement for the year ending December 31, 2015, and an unclassified statement of financial position at December 31. Directions Situation Journal End Financial Statements Explanation Resources Describe the remaining steps in the accounting cycle to be completed by Nalezny for 2015.