Stark Company has the following adjusted accounts with normal balances at its December 31 year-end. Prepare an
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Stark Company has the following adjusted accounts with normal balances at its December 31 year-end. Prepare an adjusted trial balance for Stark Company at December 31.
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Notes payable..... $11,000 Accumulated depreciation-Buildings...... $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 payable 400 Unearned revenue 800 Cash ... 10,000 Supplies expense 200 Wages expense 7,500 Buildings 40,000 Insurance expense 1,800 Dividends. 3,000 Common stock. 10,000 Depreciation expense-Buildings 2,000 Retained earnings 14,800 Supplies .. 800 Services revenue 20,000
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Trial Balance It is a statement that consists of all the ledger balances contained in the books of a...View the full answer
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Related Book For
Financial Accounting Information For Decisions
ISBN: 9781260705584
10th Edition
Authors: John J. Wild
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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