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nts 02:25:32 ! Required information [The following information applies to the questions displayed below.] Stark company has the following adjusted accounts with normal balances at
nts 02:25:32 ! Required information [The following information applies to the questions displayed below.] Stark company has the following adjusted accounts with normal balances at its December 31 year-end. $ 24,000 Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash $ 20,000 Accumulated depreciation-Buildings 3,400 Accounts receivable 680 Utilities expense 6,000 Interest payable 5,800 2,200 1,300 Unearned revenue 460 1,250 380 Wages expense Insurance expense Common stock Services revenue Complete this question by entering your answers in the tabs below. Income Statement 28,000 Supplies expense 8,400 Buildings 2,700 Dividends Use the adjusted accounts for Stark Company to 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 $59,800 on December 31 of the prior year. Statement of Retained Balance Sheet Earnings Prepare the balance sheet at December 31. 19,000 Depreciation expense-Buildings 65,000 Supplies Retained earnings Cash Accounts receivable Supplies Prepaid insurance Buildings Accumulated depreciation-Buildings Total assets Accounts payable Wages payable STARK COMPANY Balance Sheet December 31 Assets Liabilities F 130,000 6,500 $ 28,000 5,800 1,250 3,400 123,500 $ 161,950 6,000 1,300 Saved 100
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