[The following information applies to the questions displayed below.] Stark company has the following adjusted accounts...
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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 Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Services revenue $ 23,000 Accumulated depreciation- Buildings 3,700 Accounts receivable 740 Utilities expense 7,500 Interest payable. 1,600 Unearned revenue 34,000 Supplies expense 8,700 Buildings 3,000 Dividends 22,000 Depreciation expense-Buildings 80,000 Supplies Retained earnings 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 $74,800 on December 31 of the prior year. Income Statement Statement of Retained Earnings Balance Sheet Prepare the income statement for the year ended December 31. Prepare the income statement for the year ended December 31. STARK COMPANY Income Statement For Year Ended December 31 Expenses Tex 0 0 Complete this question by entering your answers in the tabs below. Prepare the income statement for the year ended December 31. STARK COMPANY Accumulated depreciation-Bus Building Complete this question by entering your answers in the tabs below. $ 27,000 6,400 2,500 Income Statement Statement of Retained Balance Sheet Earnings Prepare the statement of retained eamings for the year ended December 31. The Retained Eamings account balance was $74,800 on December 31 of the prior year. STARK COMPANY Statement of Retained Earnings For Year Ended December 31 Retained saming December 31 prior year end 580 1,400 440 160,000 Retained eamings, December 31 cument year and $ 9,000 Income Statement Balance Sheet> 8,000 1,400 74,800 Inco Statement Prepare the balance sheet at December 31. Total bios and equity STARK COMPANY Balance Sheet December 31 Assets Liabilities Equity [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 $ 23,000 Accumulated depreciation- Buildings 3,700 Accounts receivable 740 Utilities expense 7,500 Interest payable. 1,600 Unearned revenue 34,000 Supplies expense 8,700 Buildings 3,000 Dividends 22,000 Depreciation expense-Buildings 80,000 Supplies Retained earnings 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 $74,800 on December 31 of the prior year. Income Statement Statement of Retained Earnings Balance Sheet Prepare the income statement for the year ended December 31. Prepare the income statement for the year ended December 31. STARK COMPANY Income Statement For Year Ended December 31 Expenses Tex 0 0 Complete this question by entering your answers in the tabs below. Prepare the income statement for the year ended December 31. STARK COMPANY Accumulated depreciation-Bus Building Complete this question by entering your answers in the tabs below. $ 27,000 6,400 2,500 Income Statement Statement of Retained Balance Sheet Earnings Prepare the statement of retained eamings for the year ended December 31. The Retained Eamings account balance was $74,800 on December 31 of the prior year. STARK COMPANY Statement of Retained Earnings For Year Ended December 31 Retained saming December 31 prior year end 580 1,400 440 160,000 Retained eamings, December 31 cument year and $ 9,000 Income Statement Balance Sheet> 8,000 1,400 74,800 Inco Statement Prepare the balance sheet at December 31. Total bios and equity STARK COMPANY Balance Sheet December 31 Assets Liabilities Equity
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Related Book For
Financial Accounting Information For Decisions
ISBN: 9781260705584
10th Edition
Authors: John J. Wild
Posted Date:
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