Required information Use the following information for the Exercises below. (Static) [The following information applies to the questions displayed below.] Stark company has the following adjusted accounts with normal balances at its December 31 year-end. $ 15,000 4,000 1,300 $ 11,000 Accumulated depreciation-Buildings 2,500 Accounts receivable 500 Utilities expense 1,500 Interest payable 400 Unearned revenue 10,000 Supplies expense 100 800 200 Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Services revenue 7,500 Buildings 1,800 Dividends 10,000 Depreciation expense-Buildings 20,000 Supplies Retained earnings 40,000 3,000 2,000 800 14,800
Required information Use the following information for the Exercises below. (Static) [The following information applies to the questions displayed below.] Stark company has the following adjusted accounts with normal balances at its December 31 year-end. $ 15,000 4,000 1,300 $ 11,000 Accumulated depreciation-Buildings 2,500 Accounts receivable 500 Utilities expense 1,500 Interest payable 400 Unearned revenue 10,000 Supplies expense 100 800 200 Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Services revenue 7,500 Buildings 1,800 Dividends 10,000 Depreciation expense-Buildings 20,000 Supplies Retained earnings 40,000 3,000 2,000 800 14,800
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Complete this question by entering your answers in the tabs below.
Income
Statement
Statement of
Retained
Earnings
Balance Sheet
Prepare the statement of retained earnings for the year ended December 31. The Retained Earnings account balance was
$14,800 on December 31 of the prior year.
STARK COMPANY
Statement of Retained Earnings
For Year Ended December 31
Retained earnings, December 31 prior year end
Retained earnings, December 31 current year end
$
< Income Statement
0
0
Balance Sheet >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff5b32e68-8d32-4a83-88be-ddb6c2b4627d%2Fb0b3178f-5e11-4c4a-9055-1cf2a023f080%2Fo0n4ibp_processed.png&w=3840&q=75)
Transcribed Image Text:Complete this question by entering your answers in the tabs below.
Income
Statement
Statement of
Retained
Earnings
Balance Sheet
Prepare the statement of retained earnings for the year ended December 31. The Retained Earnings account balance was
$14,800 on December 31 of the prior year.
STARK COMPANY
Statement of Retained Earnings
For Year Ended December 31
Retained earnings, December 31 prior year end
Retained earnings, December 31 current year end
$
< Income Statement
0
0
Balance Sheet >
![!
Required information
Use the following information for the Exercises below. (Static)
[The following information applies to the questions displayed below.]
Stark company has the following adjusted accounts with normal balances at its December 31 year-end.
$ 11,000 Accumulated depreciation-Buildings
2,500 Accounts receivable
500 Utilities expense
1,500 Interest payable
400 Unearned revenue
10,000 Supplies expense
7,500 Buildings
1,800 Dividends
Notes payable
Prepaid insurance
Interest expense
Accounts payable
Wages payable
Cash
Wages expense
Insurance expense
Common stock
Services revenue
10,000 Depreciation expense-Buildings
20,000
Supplies
Retained earnings
$ 15,000
4,000
1,300
100
800
200
40,000
3,000
2,000
800
14,800](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff5b32e68-8d32-4a83-88be-ddb6c2b4627d%2Fb0b3178f-5e11-4c4a-9055-1cf2a023f080%2Fzvmkm_processed.png&w=3840&q=75)
Transcribed Image Text:!
Required information
Use the following information for the Exercises below. (Static)
[The following information applies to the questions displayed below.]
Stark company has the following adjusted accounts with normal balances at its December 31 year-end.
$ 11,000 Accumulated depreciation-Buildings
2,500 Accounts receivable
500 Utilities expense
1,500 Interest payable
400 Unearned revenue
10,000 Supplies expense
7,500 Buildings
1,800 Dividends
Notes payable
Prepaid insurance
Interest expense
Accounts payable
Wages payable
Cash
Wages expense
Insurance expense
Common stock
Services revenue
10,000 Depreciation expense-Buildings
20,000
Supplies
Retained earnings
$ 15,000
4,000
1,300
100
800
200
40,000
3,000
2,000
800
14,800
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