Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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
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 $ 14,000 Accumulated depreciation-Buildings 2,800 Accounts receivable 560 Utilities expense 3,000 Interest payable 700 Unearned revenue 16,000 Supplies expense 7,800 Buildings 2,100 Stark, Withdrawals 42,800 Depreciation expense-Buildings 35,000 Supplies $ 18,000 4,600 1,600 220 950 260 70,000 4,500 3,500 950 Use the adjusted trial balance accounts and balances at its December 31 year-end for Stark Company to prepare an adjusted trial balance. STARK COMPANY Adjusted Trial Balance December 31 Debit Credit 14,000 2,800 560 3,000 700 Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Stark, Capital Services revenue Accumulated depreciationBuildings Accounts receivable 16,000 7,800 2,100 42,800 35,000 18,000 4,600 1,600 Utilities expense 220 950 260 Interest payable Unearned revenue Supplies expense Buildings Stark, Withdrawals Depreciation expense-Buildings Supplies 70,000 4,500 3,500 950 Totals $ 111,170 $ 118,170
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started