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Use the following information for the Exercises below. (Algo) Skip to question [The following information applies to the questions displayed below.] Stark company has the

Use the following information for the Exercises below. (Algo)

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[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 $ 25,000 Accumulated depreciationBuildings $ 29,000
Prepaid insurance 3,900 Accounts receivable 6,800
Interest expense 780 Utilities expense 2,700
Accounts payable 8,500 Interest payable 660
Wages payable 1,800 Unearned revenue 1,500
Cash 38,000 Supplies expense 480
Wages expense 8,900 Buildings 180,000
Insurance expense 3,200 Dividends 10,000
Common stock 24,000 Depreciation expenseBuildings 9,000
Services revenue 90,000 Supplies 1,500
Retained earnings 84,800

Exercise 3-17 (Algo) Preparing Financial Statements LO P5

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