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Exercise 3-10 Preparing Financial Statements from a Trial Balance LO P6 Following are the accounts and balances from the adjusted trial balance of Stark Company.
Exercise 3-10 Preparing Financial Statements from a Trial Balance LO P6 Following are the accounts and balances from the adjusted trial balance of Stark Company. Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Stark, Capital Services revenue $ 14,000 Accumulated depreciation-Buildings 2,800 Accounts receivable 560 Utilities expense 3,000 Interest payable 700 Unearned revenue 16,000 Supplies expense 7,000 Buildings 2,100 Stark, Withdrawals 42,800 Depreciation expense-Buildings 35,000 Supplies $18,000 4,600 1,600 220 950 260 70,000 4,500 3,500 950 Prepare the (1) income statement and (2) statement of owner's equity for the year ended December 31, and (3) bulances December 31. The Stark, Capital account balance was $42,800 on December 31 of the prior year. Complete this question by entering your answers in the tabs below. Income Statement Statement of Owners Balance Sheet Equity Prepare the income statement for the year ended December 31. STARK COMPANY Income Statement For Year Ended December 31
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