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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 $ 31,000 Accumulated depreciation-Buildings 4,500 Accounts receivable 900 Utilities expense 11,500 Interest payable 2,400 Unearned revenue 50,000 Supplies expense 9,500 Buildings 3,800 Stark, Withdrawals Insurance expense Stark, Capital Services revenue 144,800 Depreciation expense-Buildings 120,000 Supplies $ 35,000 8,000 3,300 900 1,800 600 240,000 13,000 12,000 1,800 Use the adjusted accounts for Stark Company to prepare the (1) income statement and (2) statement of owner's equity for the year nded December 31 and (3) balance sheet at December 31. The Stark, Capital account balance was $144,800 on December 31 of t rior year, and there were no owner investments in the current year. Complete this question by entering your answers in the tabs below.
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