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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
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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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 $ 30,000 7,000 2,899 700 1,550 500 190,000 10,500 9,500 1,550 Notes payable Prepaid insurance Interest expense Accounts payable Mages payable Cash Mages expense Insurance expense Connon stock Retained earnings Services revenue Income taman Use the table of adjusted trial balance accounts for Stark Company to prepare the (1) income statement and (2) statement of retained earnings for the year ended December 31 and (3) balance sheet at December 31. The Retained Earnings account balance was $92,80 on December 31 of the prior year. 4,000 Accounts receivable 800 Utilities expense 9,000 Interest payable Complete this question by entering your answers in the tabs below. Expenses 1,900 Unearned revenue 40,000 Supplies expense 9,000 Buildings Statement of Retained Earnings Total expenses 3,300 Dividends 22,000 Depreciation expense-Buildings 92,800 Supplies 95,000 Prepare the income statement for the year ended December 31. Balarce Sheet STARK COMPANY Income Statement For Year Ended December 31 K Statement of Retained Earnings >
Transcribed Image Text: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 $ 30,000 7,000 2,899 700 1,550 500 190,000 10,500 9,500 1,550 Notes payable Prepaid insurance Interest expense Accounts payable Mages payable Cash Mages expense Insurance expense Connon stock Retained earnings Services revenue Income taman Use the table of adjusted trial balance accounts for Stark Company to prepare the (1) income statement and (2) statement of retained earnings for the year ended December 31 and (3) balance sheet at December 31. The Retained Earnings account balance was $92,80 on December 31 of the prior year. 4,000 Accounts receivable 800 Utilities expense 9,000 Interest payable Complete this question by entering your answers in the tabs below. Expenses 1,900 Unearned revenue 40,000 Supplies expense 9,000 Buildings Statement of Retained Earnings Total expenses 3,300 Dividends 22,000 Depreciation expense-Buildings 92,800 Supplies 95,000 Prepare the income statement for the year ended December 31. Balarce Sheet STARK COMPANY Income Statement For Year Ended December 31 K Statement of Retained Earnings >
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