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Required information Use the following information for the Exercises below. (Static) [The following information applies to the questions displayed below.] Stark company has the
Required information Use the following information for the Exercises below. (Static) [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. Prepaid insurance Notes payable Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Services revenue $ 11,000 Accumulated depreciation-Buildings 2,500 Accounts receivable 500 Utilities expense 1,500 Interest payable 400 Unearned revenue $ 15,000 4,000 1,300 100 800 200 7,500 Buildings 40,000 1,800 Dividends 3,000 10,000 Depreciation expense-Buildings 2,000 20,000 Supplies 800 Retained earnings 14,800 10,000 Supplies expense Exercise 3-17 (Static) Preparing Financial Statements LO P5 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 $14,800 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 income statement for the year ended December 31. es Complete this question by entering your answers in the tabs below. Income Statement Statement of Retained Balance Sheet Earnings Prepare the income statement for the year ended December 31. STARK COMPANY Income Statement For Year Ended December 31 Expenses Total expenses mcoma Statement Statement of Retained Earnings > 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 $14,800 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 Retained earnings, December 31 current year end Prepare the balance sheet at December 31. STARK COMPANY Balance Sheet December 31 Assets + Total assets Liabilities Total liabilities Total equity Total liabilities and equity Equity
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