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es Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Stark company has
es Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Stark company has the following adjusted accounts with normal balances at its December 31 year-end. Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash $13,000 Accumulated depreciation-Buildings 2,700 Accounts receivable 540 Utilities expense 2,500 Interest payable 600 Unearned revenue 14,000 Supplies expense $ 17,000 4,400 1,500 180 900 240 7,700 Buildings 60,000 2,000 Dividends 4,000 Services revenue 12,000 Depreciation expense-Buildings 3,000 30,000 Supplies 900 Retained earnings 24,800 Wages expense Insurance expense Common stock Exercise 3-17 (Algo) Preparing Financial Statements LO P5 Use the adjusted accounts for Stark Company to prepare the (1) income statement and (2) statement of retained earnings for the year ended December 31 and (3) balance sheet at December 31. The Retained Earnings account balance was $24,800 on December 31 of the prior year.
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