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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
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 $ 31,000 Accumulated depreciation-Buildings 4,500 Accounts receivable 900 Utilities expense 11,500 Interest payable 2,400 Unearned revenue $ 35,000 8,000 3,300 900 1,800 50,000 Supplies expense 600 Nages expense 9,500 Buildings 240,000 Insurance expense 3,800 Stark, Withdrawals 13,000 Stark, Capital Services revenue 144,800 Depreciation expense-Buildings 12,000 120,000 Supplies 1,800 Income Statement Statement of Balance Sheet Owners Equity Prepare the income statement for the year ended December 31. STARK COMPANY Income Statement For Year Ended December 31 Expenses 0 Total expenses $ 0 Income Statement Statement of Owners Equity Balance Sheet Prepare the statement of owner's equity for the year ended December 31. The Stark, Capital account balance was $144,800 on December 31 of the prior year, and there were no owner Investments in the current year. STARK COMPANY Statement of Owner's Equity For Year Ended December 31 Stark, Capital, December 31 prior year Add: Investments by owner 0 Stark, Capital, December 31 current year 0 Income Statement Statement of Owners Equity Balance Sheet Prepare the balance sheet at December 31. STARK COMPANY Balance Set December 31 Assets 0 Total assets $ 0 Liabilities Total liabilities Equity Total liabilities and equity < Statement of Owners Equity 0 $ 0
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