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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 payable
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 Wages expense Insurance expense Common stock Retained earnings Services revenue $ 30,000 4,40e 880 11, eee 2,3ee 48,000 9,408 3,700 25,200 113,600 115,000 Accumulated depreciation-Buildings Accounts receivable Utilities expense Interest payable Unearned revenue Supplies expense Buildings Dividends Depreciation expense-Buildings Supplies $ 34,000 7,800 3,200 860 1,750 580 230,000 12,500 11,500 1,750 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 $113,600 on December 31 of the prior year. Income Statement Statement of Retained Earnings Balance Sheet Prepare the income statement for the year ended December 31. STARK COMPANY Income Statement For Year Ended December 31 Expenses Total expenses Prepare the statement of retained earnings for the year ended December 31. The Retained Earnings account balance was $113,600 on December 31 of the prior year. STARK COMPANY Statement of Retained Earnings For Year Ended December 31 Retained earnings, Dec. 31 prior year end 0 0 Retained earnings, Dec. 31 current year end Prepare the balance sheet at December 31. STARK COMPANY Balance Sheet December 31 Assets 0 Total assets $ 0 Liabilities Liabilities 0 Total liabilities Equity 0 Total equity Total liabilities and equity $ 0
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