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! Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Stark company has
! Required information Use the following information for the Exercises below. (Algo) [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 Insurance expense Wages expense Stark, Capital Services revenue $ 29,000 Accumulated depreciation-Buildings 4,300 Accounts receivable 860 Utilities expense 10,500 Interest payable 2,200 Unearned revenue 46,000 Supplies expense $ 33,000 7,600 3,100 820 1,700 560 9,300 Buildings 220,000 3,600 Stark, Withdrawals 12,000 132,800 Depreciation expense-Buildings 110,000 Supplies 11,000 1,700 Exercise 3-17 (Algo) Preparing Financial Statements LO P5 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 $132,800 on December 31 of the prior year, and there were no owner investments in the current year.
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