(Solved): Stark company has the following adjusted accounts and normal balances at its December 31 year-end. ...

Stark company has the following adjusted accounts and normal balances at its December 31 year-end. $ 20,000 5,000 $ 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 1,800 300 Notes payable Prepaid insurance Interest expense Accounts payable. Wages payable Cash Wages expense Insurance expense Stark, Capital Services revenue 2,300 Stark, Withdrawals 54,800 Depreciation expense-Buildings 45,000 Supplies Income Statement of Statement Owners Equity Prepare the balance sheet at December 31. STARK COMPANY Balance Sheet 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 prior year, and there were no owner investments in the current year. 1 of the Complete this question by entering your answers in the tabs below. < Prev. 8 1,050 300 of 7 90,000 5,500 4,500 1,050 Help Next > Sow Complete this question by entering your answers in the tabs below. Income Statement of Statement Owners Equity Balance Sheet Prepare the income statement for the year ended December 31. Expenses Total expenses STARK COMPANY Income Statement For Year Ended December 31 Income Statement O JUL 2 $ < Prev 0 0 Statement of Owners Equity > 8 7 of 7 tv Next > 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 $54,800 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 S 0 0 es Total assets Total liabilities Total liabilities and equity STARK COMPANY Balance Sheet December 31 Assets Liabilities Equity JUL 2 $ $ < Prev 0 0 0 S 7 of 7 - tv Next al