Question
Stark company has the following adjusted account for Normal balances at its December 31 year end Notes payable 11,000 prepared insurance 2500 interest expense 500
Stark company has the following adjusted account for Normal balances at its December 31 year end
Notes payable 11,000
prepared insurance 2500
interest expense 500
Accounts Payable 1500
wages payable 400
Cash 10,000
wages expense 7500
insurance expense 1800
common stock 10,000
service Revenue 20,000
accumulated depreciation buildings 15,000
accounts receivable 4000
utilities expense 1300
interest payable 100
and earn revenue 800
supplies expense 200
buildings 40,000
dividends 3000
depreciation expense building 2000
supplies 800
retained earnings 14,800
- Prepare the income statement for the year ended December 31
- prepare the statement of routine earnings for the year ended December 31. And they retain earnings account balance was 14,800 on the December 31 of the prior year
- Prepare the balance sheet at December 31
PLEASE ANSWER ALL PARTS 1 2 AND 3 AS THIS IS ONE QUESTION
A59 fx Prepare the balance sheet at December 31. B D E TI G H 59 Prepare the balance sheet at December 31. 60 61 (Formulas for any items to be subtracted must return negative values.) 62 63 64 STARK COMPANY Balance Sheet December 31 Assets 65 66 67 Cash 68 Prepaid insurance 69 Accounts receivable 70 71 Supplies 72 73 Total assets Liabilities 74 75 Unearned revenue 76 Interest payable 77 Notes payable 78 Accounts payable 79 Wages payable 80 Total liabilities Equity 81 82 Common stock 83 Retained earnings 84 Total equity 85 Total liabilities and equity 86 87Step by Step Solution
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