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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 the
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 Wages expense Stark, Capital Insurance expense Services revenue $ 19,000 Accumulated depreciation-Buildings 3,300 Accounts receivable 660 Utilities expense 5,500 Interest payable 1,200 Unearned revenue 26,000 Supplies expense $ 23,000 5,600 2,100 420 1,200 360 8,300 Buildings 120,000 7,000 72,800 Depreciation expense-Buildings 60,000 Supplies 6,000 1,200 2,600 Stark, Withdrawals 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 $72,800 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. Statement of Balance Sheet Income Statement Owners Equity Prepare the balance sheet at December 31. STARK COMPANY Balance Sheet December 31 Assets 0 Total assets $ 0 Liabilities Total liabilities Equity 0 $ 0 Total liabilities and equity < Statement of Owners Equity Balance Sheet >
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