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Business, 30.05.2020 23:57 Jessietorres17941

Following are the accounts and balances (in random order) from the adjusted trial balance of Stark Company. Notes payable $ 27,000 Accumulated depreciation—Buildings $ 31,000 Prepaid insurance 4,100 Accounts receivable 7,200 Interest expense 820 Utilities expense 2,900 Accounts payable 9,500 Interest payable 740 Wages payable 2,000 Unearned revenue 1,600 Cash 42,000 Supplies expense 520 Wages expense 9,100 Buildings 200,000 Insurance expense 3,400 Dividends 11,000 Common stock 22,800 Depreciation expense—Buildings 10,000 Retained earnings 98,000 Supplies 1,600 Services revenue 100,000 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 $98,000 on December 31 of the prior year.

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