Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Stark, Capital Services revenue $ 27,000 Accumulated depreciation-Buildings 4,100 Accounts receivable 820 Utilities expense 9,500 Interest payable 2,000 Unearned revenue 42,000 Supplies expense 9,100 Buildings 3,400 Stark, Withdrawals 120,800 Depreciation expense-Buildings 100,000 Supplies $ 31,000 7,200 2,900 740 1,600 520 200,000 11,000 10,000 1,600

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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Stark company has the following adjusted accounts and normal balances at its December 31 year-end. Use the adjusted trial balance accounts and balances at its December 31 year-end for Stark Company to prepare an adjusted trial balance.

Notes payable
Prepaid insurance
Interest expense
Accounts payable
Wages payable
Cash
Wages expense
Insurance expense
Stark, Capital
Services revenue
$ 27,000 Accumulated depreciation-Buildings
4,100 Accounts receivable
820 Utilities expense
9,500 Interest payable
2,000 Unearned revenue
42,000 Supplies expense
9,100 Buildings
3,400 Stark, Withdrawals
120,800 Depreciation expense-Buildings
100,000 Supplies
$ 31,000
7,200
2,900
740
1,600
520
200,000
11,000
10,000
1,600
Transcribed Image Text:Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Stark, Capital Services revenue $ 27,000 Accumulated depreciation-Buildings 4,100 Accounts receivable 820 Utilities expense 9,500 Interest payable 2,000 Unearned revenue 42,000 Supplies expense 9,100 Buildings 3,400 Stark, Withdrawals 120,800 Depreciation expense-Buildings 100,000 Supplies $ 31,000 7,200 2,900 740 1,600 520 200,000 11,000 10,000 1,600
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Can you the adjusted accounts for Stark Company to prepare the income statement and ( statement of owner's equity for the year ended December 31 and balance sheet at December 31. The Stark, Capital account balance was $120,800 on December 31 of the prior year, and there were no owner investments in the current year.

 

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