Required information [The following information applies to the questions displayed below.] Stark company has the following...
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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 year-end. Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash $ 21,000 Accumulated depreciation-Buildings 3,500 Accounts receivable 700 Utilities expense 6,500 Interest payable $ 25,000 6,000 2,300 500 1,400 Unearned revenue 1,300 30,000 Supplies expense 400 Wages expense 8,500 Buildings 140,000 Insurance expense 2,800 Dividends 8,000 Common stock 20,000 Depreciation expense-Buildings 7,000 Services revenue 70,000 Supplies 1,300 Retained earnings 64,800 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 $64,800 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 statement of retained earnings for the year ended December 31. The Retained Earnings account balance was $64,800 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 0 Retained earnings, December 31 current year end $ 0 < Income Statement Balance Sheet > 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 $ 21,000 Accumulated depreciation-Buildings 3,500 Accounts receivable 700 Utilities expense 6,500 Interest payable $ 25,000 6,000 2,300 500 1,400 Unearned revenue 1,300 30,000 Supplies expense 400 Wages expense 8,500 Buildings 140,000 Insurance expense 2,800 Dividends 8,000 Common stock 20,000 Depreciation expense-Buildings 7,000 Services revenue 70,000 Supplies 1,300 Retained earnings 64,800 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 $64,800 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 statement of retained earnings for the year ended December 31. The Retained Earnings account balance was $64,800 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 0 Retained earnings, December 31 current year end $ 0 < Income Statement Balance Sheet >
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