company has the following adjusted accounts and normal balances at its December 31 year-end. $ 16,000 Accumulated depreciation-Buildings 3,000 Accounts receivable 600 Utilities expense 4,000 Interest payable 900 Unearned revenue 20,000 Supplies expense 8,000 Buildings 2,308 Stark, Withdrawals Notes payable; Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Stark, Capital Services revenue 54,800 Depreciation expense-Buildings 45,000 Supplies Income Statement of Statement Owners Equity Balance Sheet Prepare the income statement for the year ended December 31. STARK COMPANY < Prev Exercise 3-17 (Algo) Preparing Financial Statements LO P5 Use the adjusted accounts for Stark Company to prepare the (1) income statement and (2) statement of owner's equity for the year ended December 31 and (3) balance sheet at December 31. The Stark, Capital account balance was $54,800 on December 31 of the prior year and there were no owner investments in the current year. Complete this question by entering your answers in the tabs below. 7 $ 20,000 5,000 1,800 300 of 7 1,050 308 Next 90,000 5,500 4,500 1,050 Check my work
Required information Complete this question by entering your answers in the tabs below. Income Statement of Statement Owners Equity Prepare the income statement for the year ended December 31. STARK COMPANY Income Statement For Year Ended December 31 Expenses Total expenses Balance Sheet $ < Prev 0 0 35 7 of 7 Next >
Required information Complete this question by entering your answers in the tabs below. Income Statement of Statement Owners Equity Balance Sheet Prepare the statement of owner's equity for the year ended December 31. The Stark, Capital account balance was $54,000 on December 31 of the prior year, and there were no owner investments in the current year STARK COMPANY Statement of Owner's Equity For Year Ended December 31 Stark, Capital, December 31 prior year Add: Investments by owner Stark, Capital, December 31 current year $ 0 0 0 <Income Statement < Prev Balance Sheet> 8 of 7 Next >
Required information Total assets Total liabilities Balance Sheet December 31 Assets Liabilities Equity $ < Prev 0 0 0 7 of 7 www w Next
Stark Stark company has the following adjusted accounts and normal balances at its December 31 year-end. $ 16,000 Accumulated
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