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Exercise 3-10 Preparing financial statements from a trial balance P6 Following are the accounts and balances from the adjusted trial balance of Stark Company. Prepare
Exercise 3-10 Preparing financial statements from a trial balance P6 Following are the accounts and balances from the adjusted trial balance of Stark Company. Prepare the (1) income statement and (2) statement of owner's equity for the year ended December 31 and (3) balance sheet at December 31. The Stark, Capital account balance was $24,800 on December 31 of the prior year Notes payable. Prepaid insurance Interest expense Accounts payable Wages payable Cash $11,000 2.500 500 1,500 400 10,000 7.500 1,800 24,800 20.000 Accumulated depreciation-Buildings. Accounts receivable Ubilities expense Interest payable.. Uneamed revenue Supplies expense. Buildings Stark, Withdrawals Depreciation expense-Buildings Supplies $15,000 4,000 1,300 100 800 200 40.000 3,000 2.000 800 Wages expense Insurance expense Stark, Capital Services revenue
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