please do not provide solution in image format thank you! Required information[The following information applies to the questions displayed below]Stark company has the following adjusted accounts and balances at its December 31 year-end.$ 26,000 Accumulated depreciation-Buildings $ 30,0007,0002,8997001,550500190,00010,5009,5001,550Notes payablePrepaid insuranceInterest expenseAccounts payableMages payableCashMages expenseInsurance expenseConnon stockRetained earningsServices revenueIncometamanUse 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 $92,80on December 31 of the prior year.4,000 Accounts receivable800 Utilities expense9,000 Interest payableComplete this question by entering your answers in the tabs below.Expenses1,900 Unearned revenue40,000 Supplies expense9,000 BuildingsStatement ofRetainedEarningsTotal expenses3,300 Dividends22,000 Depreciation expense-Buildings92,800 Supplies95,000Prepare the income statement for the year ended December 31.Balarce SheetSTARK COMPANYIncome StatementFor Year Ended December 31KStatement of Retained Earnings >

The financial reports are prepared at the end of the accounting period to present the profit or…

Required information [The following information applies to the questions displayed below] Stark company has the following adjusted accounts and balances at its December 31 year-end 7,000 $ 26,000 Accumulated depreciation-Buildings $ 30,000 4,000 Accounts receivable 800 Utilities expense 9,000 Interest payable 1,900 Unearned revenue 40,000 Supplies expense 9,000 Buildings 2,809 700 1,550 500 Notes payable Prepaid insurance Interest expense Accounts payable Mages payable Cash Mages expense Insurance expense Common stock Retained earnings Services revenue 3,300 Dividends 22,000 Depreciation expense-Buildings 92,800 Supplies 95,000 190,000 10,500 9,500 1,550 the table of adjusted trial balance accounts for Stark Company to prepare the (t) income statement and (2) statement of retain nings for the year ended December 31 and (3) balance sheet at December 31. The Retained Earnings account balance was $9 December 31 of the prior year.

Required information [The following information applies to the questions displayed below] Stark company has the following adjusted accounts and balances at its December 31 year-end 7,000 $ 26,000 Accumulated depreciation-Buildings $ 30,000 4,000 Accounts receivable 800 Utilities expense 9,000 Interest payable 1,900 Unearned revenue 40,000 Supplies expense 9,000 Buildings 2,809 700 1,550 500 Notes payable Prepaid insurance Interest expense Accounts payable Mages payable Cash Mages expense Insurance expense Common stock Retained earnings Services revenue 3,300 Dividends 22,000 Depreciation expense-Buildings 92,800 Supplies 95,000 190,000 10,500 9,500 1,550 the table of adjusted trial balance accounts for Stark Company to prepare the (t) income statement and (2) statement of retain nings for the year ended December 31 and (3) balance sheet at December 31. The Retained Earnings account balance was $9 December 31 of the prior year.

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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