General

File Home Insert Share Formulas Data Review View Help Draw

$vvvv{}^{}|||$ Calibri $($Body$)vv11vvB,Bvv{O}_0$vvAvvcdots$|||$

A$1$

$$

B

C

D

E

$1$

Stark Company has the following adjusted accounts and normal balances at its December $31$ year$-$end.

$2$

$($Click on the Income St$,$ St of Retained Earnings and Balance Sheet Tabs below.$)$

$3$

$4$ Notes payable

$5$ Prepaid insurance

$6$ Interest expense

$$25,000$

$$29,000$

$\frac{O}{?}$

$9$

$3,900$

Accumulated depreciation$-$Buildings

$6,800$

Accounts payable

Wages payable

Cash

$780$

Accounts receivable

$2,700$

Utilities expense

$660$

$q,$

$8,500$ Interest payable

$1,500$

$1,800$

Unearned revenue

$480$

$1$

Insurance expense

$38,000$ Supplies expense

$180,000$

$2$

Common stock

$8,900$

Buildings

$10,000$

$13$

Services revenue

$3,200$

Dividends

$24,000$ Depreciation

$14$

$90,000$

Supplies

$9,000$

$15$

$16$

Use the adjusted accounts and balances from the Question Data tab for Stark Company to prepare the income statement for the year ended December $31.$

$17$

Prepare the statement of retained earnings for the year ended December $31.$ The Retained earnings account balance was $$84,800$ on December $31$ of the prior year.

Prepare the balance sheet at December $31.$