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this is all one question please help! Required information [The following information applies to the questions displayed below.) Stark company has the following adjusted accounts
this is all one question please help!
Required information [The following information applies to the questions displayed below.) Stark company has the following adjusted accounts with normal balances at its December 31 year-end. Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Services revenue $ 29,000 Accumulated depreciation-Buildings 4,300 Accounts receivable 860 Utilities expense 10,500 Interest payable 2,200 Unearned revenue 46,000 Supplies expense 9,300 Buildings 3,600 Dividends 28,000 Depreciation expense-Buildings 110,000 Supplies Retained earnings $ 33,000 7,600 3,100 820 1,700 560 220,000 12,000 11,000 1,700 104,800 Use the adjusted accounts for Stark Company to prepare the (1) income statement and (2) statement of retained earnings for the year ended December 31 and (3) balance sheet at December 31. The Retained Earnings account balance was $104,800 on December 31 of the prior year. Complete this question by entering your answers in the tabs below. Income Statement of Statement Retained Balance Sheet Earnings Prepare the income statement for the year ended December 31. STARK COMPANY Income Statement For Year Ended December 31 Expenses Total expenses 0 0 Use the adjusted accounts for Stark Company to prepare the (1) income statement and (2) statement of retained earnings for the year ended December 31 and (3) balance sheet at December 31. The Retained Earnings account balance was $104,800 on December 31 of the prior year. Complete this question by entering your answers in the tabs below. Income Statement of Retained Balance Sheet Statement Earnings Prepare the statement of retained earnings for the year ended December 31. The Retained Earnings account balance was $104,800 on December 31 of the prior year. STARK COMPANY Statement of Retained Earnings For Year Ended December 31 Retained earnings, December 31 prior year end 0 Retained earnings, December 31 current year end $ 0 Required information Prepare the balance sheet at December 31. STARK COMPANY Balance Sheet December 31 Assets 0 Total assets $ 0 Liabilities Total liabilities 0 Equity 0 Total equity Total liabilities and equity 0Step by Step Solution
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