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Stark Technology adjusted trial balance on December 31, 2020 appears in the worksheet as follows: No. Account Debit Credit 101 Cash $57,850 124 $2,150 128
Stark Technology adjusted trial balance on December 31, 2020 appears in the worksheet as follows: No. Account Debit Credit 101 Cash $57,850 124 $2,150 128 $3,800 167 $145,000 168 $24,000 201 $16,800 210 $6,300 Supplies Prepaid insurance Equipment Accumulated depreciation, equipment Accounts payable Wages payable Tony Stark, capital Tony Stark, withdrawals Revenue Depreciation expense, equipment Wages expense Insurance expense 301 $210,000 302 $75,000 401 $200,000 612 $24,000 623 $93,000 637 $1,500 640 $41,000 650 Rent expense Office supplies expense Utilities Expense $5,500 690 $8,300 Totals $457,100 $457,100 Required - using the worksheets provided 1. Prepare the closing entries. 2. Prepare the post-closing trial balance at December 31, 2020. 3. Prepare the income statement, statement of changes in equity and a classified balance sheet as at December 31, 2020
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