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Required Information [The following Information applies to the questions displayed below.] Stark company has the following adjusted accounts and normal balances at its December
Required Information [The following Information applies to the questions displayed below.] Stark company has the following adjusted accounts and normal balances at its December 31 year-end. Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Stark, Capital Services revenue $ 12,000 Accumulated depreciation-Buildings 2,600 Accounts receivable 520 Utilities expense 2,000 Interest payable 500 Unearned revenue 12,000 Supplies expense 7,600 Buildings 1,900 Stark, Withdrawals 30,800 Depreciation expense-Buildings 25,000 Supplies $ 16,000 4,200 1,400 140 850 220 50,000 3,500 2,500 850 Use the adjusted accounts for Stark Company to prepare the (1) Income statement and (2) statement of owner's equity for the year ended December 31 and (3) balance sheet at December 31. The Stark, Capital account balance was $30,800 on December 31 of the prior year, and there were no owner Investments in the current year. Complete this question by entering your answers in the tabs below. Income Statement Statement of Owners Equity Balance Sheet Prepare the income statement for the year ended December 31. STARK COMPANY Income Statement For Year Ended December 31 Expenses Total expenses < Income Statement Statement of Owners Equity
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