Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
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 Caith Waged expense Insurance expense Common stock Retained earnings Services revenue $15,000 Accumulated depreciation Building 2,900 Accounts receivable 580 Utilities expense 3,500 Intereat payable 300 Unearned revenue 10,000 Supplies expense 7.900 Building 2.200 Dividenda 13, 200 Depreciation expense-Buildings 35, 600 Supplies 40,000 $19,000 4,600 1,700 260 1,000 200 00.000 5,000 4,000 1.000 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 $35,600 on December 31 of the prior year. Complete this question by entering your answers in the tabs below. Income Statement of Statement Retained Balance Sheet Earnings Prepare the income statement for the vear ended December 31. Income Statement of Statement Retained Balance Sheet Earnings Prepare the income statement for the year ended December 31. STARK COMPANY Income Statement For Year Ended December 31 Expenses Total expenses 0 $ 0 Statement of Retained Earnings > 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 $35,600 on December 31 of the prior year. Complete this question by entering your answers in the tabs below. Income Statement of Statement Retained Balance Sheet Earnings Prepare the statement of retained earnings for the year ended December 31. The Retained Earnings account balance was $35,600 on December 31 of the prior year STARK COMPANY Statement of Retained Earnings For Year Ended December 31 ho Retained earnings Dec 31 prior year end 0 $ 0 Retained earnings, Dec 31 current year end Statement of Income Retained Balance Sheet Statement Earnings Prepare the balance sheet at December 31. STARK COMPANY Balance Sheet December 31 Assets 0 0 Total assets $ Liabilities 0 Total assets 0 Liabilities Total liabilities 0 Equity 0 Total equity Total liabilities and equity S 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Produktivitat Von Dienstleistungen

Authors: Klaus Moller, Wolfgang Schultze

3rd Edition

3658040858, 9783658040857

More Books

Students also viewed these Accounting questions