Question: A B C D E F G H 1 2 Stark company has the following adjusted accounts with normal balances at its December 31

A B C D E F G H 1 2 Stark companyhas the following adjusted accounts with normal balances at its December 31year-end. 3 4 Notes payable $11,000 5 Prepaid insurance 2,500 6 Interestexpense 500 7 Accounts payable 1,500 8 Wages payable 400 9 Cash

A B C D E F G H 1 2 Stark company has the following adjusted accounts with normal balances at its December 31 year-end. 3 4 Notes payable $11,000 5 Prepaid insurance 2,500 6 Interest expense 500 7 Accounts payable 1,500 8 Wages payable 400 9 Cash 10,000 10 Wages expense 7,500 11 Insurance expense 1,800 12 Common stock 10,000 13 Services revenue 20,000 14 Accumulated depreciation-Buildings 15,000 15 Accounts receivable 4,000 16 Utilities expense 1,300 17 Interest payable 100 18 Unearned revenue 19 Supplies expense 20 Buildings 21 Dividends 22 Depreciation expense-Buildings 23 Supplies 24 Retained earnings 25 26 Prepare the income statement for the year ended December 31. 27 28 (Use cells A4 to B24 from the given information to complete this question. Formulas for revenues and 29 expenses must return positive values.) 800 200 40,000 3,000 2,000 800 14,800

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