Stark company has the following adjusted accounts and balances at its December 31 year-end.Notes payablePrepaid insuranceInterest expenseAccounts payableWages payable$ 30,000 Accumulated depreciation-Buildings $ 34,0004,400880 Utilities expense11,000 Interest payable2,300 Uriearned revenue48,0009,4003,70025,200 Depreciation expense-Buildingn113,600 Supplies115,000Accounts receivable7,8003,2008601,750580230,00012,50011,5001,750CashSupplies expenseBuildingsDividendsWages expenseInsurance expenseCommon stockRetained earningsServices revenueUse the table of adjusted trial balance accounts for Stark Company to prepare the (1) Income statement and (2) statement of retainedearnings for the year ended December 31 and (3) balance sheet at December 31. The Retained Earnings account balance was$113,600 on December 31 of the prior year.

Name: Stark company has the following adjusted accounts and balances at its
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Description: Stark company has the following adjusted accounts and balances at its December 31 year-end.Notes payablePrepaid insuranceInterest expenseAccounts payableWages payable$ 30,000 Accumulated depreciation-Buildings $ 34,0004,400880 Utilities expense11,00

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pany idS UTe adjusted accounts and balances at its December 31 year-end, Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash $ 30,000 Accumulated depreceiation-Buildings $34,000 4,400 880 11,000 2,300 Uriearned revenue 48,000 Supplies expense 9,400 Buildings 3,700 Dividends 25,200 Depreciation expense-Buildingn 113,600 115,000 Accounta receivable Utilities expense Interest payable 7,800 3,200 860 1,750 580 230,000 12,500 11,500 1,750 Wages expense Insurance expense Conmon stock Retained earnings Services revenue Supplies Use the table of adjusted trial balance accounts for Stark Company to prepare the (1) Income statement and (2) statement of retalined earnings for the year ended December $113,600 on December 31 of the prior year. and (3) balance sheet at December 31. The Retained Earnings account balance was

pany idS UTe adjusted accounts and balances at its December 31 year-end, Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash $ 30,000 Accumulated depreceiation-Buildings $34,000 4,400 880 11,000 2,300 Uriearned revenue 48,000 Supplies expense 9,400 Buildings 3,700 Dividends 25,200 Depreciation expense-Buildingn 113,600 115,000 Accounta receivable Utilities expense Interest payable 7,800 3,200 860 1,750 580 230,000 12,500 11,500 1,750 Wages expense Insurance expense Conmon stock Retained earnings Services revenue Supplies Use the table of adjusted trial balance accounts for Stark Company to prepare the (1) Income statement and (2) statement of retalined earnings for the year ended December $113,600 on December 31 of the prior year. and (3) balance sheet at December 31. The Retained Earnings account balance was

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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