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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
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. Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense. Common stock Services revenue $ 24,000 Accumulated depreciation-Buildings 3,800 Accounts receivable 760 Utilities expense 8,000 Interest payable 1,700 Unearned revenue $ 28,000 6,600 2,600 620 1,450 460 8,800 Buildings 170,000 3,100 Dividends 9,500 23,000 Depreciation expense-Buildings 8,500 85,000 Supplies 1,450 Retained earnings 79,800 36,000 Supplies expense 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 $79,800 on December 31 of the prior year. 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. STARK COMPANY Income Statement For Year Ended December 31 Expenses Total expenses 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 bal $79,800 on December 31 of the prior year. STARK COMPANY Statement of Retained Earnings For Year Ended December 31 Retained earnings, December 31 prior year end Retained earnings, December 31 current year end Statement of Income Statement Retained Balance Sheet Earnings Prepare the balance sheet at December 31. STARK COMPANY Balance Sheet December 31 Assets Total assets Liabilities Total liabilities Total equity Total liabilities and equity Equity < Statement of Retained Earnings Balance Sheet >
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