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Stark company has the following adjusted accounts and normal balances at its December 31 year-end. Notes payable $ 11,000 Accumulated depreciationBuildings $ 15,000 Prepaid insurance

Stark company has the following adjusted accounts and normal balances at its December 31 year-end.

Notes payable $ 11,000 Accumulated depreciationBuildings $ 15,000

Prepaid insurance 2,500 Accounts receivable 4,000

Interest expense 500 Utilities expense 1,300

Accounts payable 1,500 Interest payable 100

Wages payable400 Unearned revenue 800

Cash 10,000 Supplies expense 200

Wages expense7,500 Buildings 40,000

Insurance expense 1,800 Stark, Withdrawals 3,000

Stark, Capital 24,800 Depreciation expenseBuildings 2,000

Services revenue 20,000 Supplies 800

Use the adjusted accounts for Stark Company to complete 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 $24,800 on December 31 of the prior year, and there were no owner investments in the current year.

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