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Following are the accounts and balances (in random order) from the adjusted trial balance of Stark Company. Notes payable Prepaid insurance Interest expense Accounts
Following are the accounts and balances (in random order) from the adjusted trial balance of Stark Company. Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash $ 22,000 3,600 720 7,000 Accumulated depreciation-Buildings Accounts receivable. Utilities expense Interest payable 1,500 Unearned revenue 32,000 Supplies expense $ 26,000 6,200 2,400 540 1,350 420 Wages expense 8,600 Buildings 150,000 Insurance expense 2,900 Dividends 8,500 Common stock 18,800 Depreciation expense-Buildings 7,500 Retained earnings 72,000 Supplies 1,350 Services revenue 75,000 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 $72,000 on December 31 of the prior year. Answer is not complete. Complete this question by entering your answers in the tabs below. Income Statement Statement of Retained Balance Sheet Earnings Prepare the income statement for the year ended December 31.
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