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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 $ 20,000 Accumulated depreciation Buildings 3,400 Accounts receivable 680 Utilities expense 6,000 Interest payable 1,300 Unearned revenue 28,000 Supplies expense 8,400 Buildings 2,700 Dividends 17,200 Depreciation expense-Buildings 61,600 Supplies 65,000 $ 24,000 5,800 2,200 460 1,250 380 130,000 7,500 6,500 1,250 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 $61,600 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 Services revenue $ 65,000 Expenses Total expenses $ 65,000 Income Statement Statement of Retained Earnings > Complete this question by entering your answers in the tabs below. Income Statement Statement of Retained Earnings Balance Sheet Prepare the statement of retained earnings for the year ended December 31. The Retained Earnings account balance was $61,600 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 Retained earnings, Dec. 31 current year end $ Assets Total assets Liabilities Total liabilities Equity Total equity Total liabilities and equity
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