Following are the accounts and balances (in random order) from the adjusted trial balance of Stark Company
Following are the accounts and balances (in random order) from the adjusted trial balance of Stark Company
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 $25,200 on December 31 of the prior year. Complete this question by entering your answers in the tabs below.
Homework Answers
| Income Statement | ||
| For the Month Ended December 31 | ||
| Service Revenue | 30,000.00 | |
| Expense | ||
| Interest | 540.00 | |
| Wages | 7,700.00 | |
| Insurance | 2,000.00 | |
| Utilities | 1,500.00 | |
| Supplies | 240.00 | |
| Deprection Expense | 3,000.00 | |
| Total Expense | 14,980.00 | |
| Net Income | 15,020.00 |
| Retain Earning Statement | ||
| For the Month Ended December 31 | ||
| Retain Earning beginning | 25,200.00 | |
| Net Income | 15,020.00 | |
| Dividend Paid | -4,000.00 | |
| Retain Earning at the End | 36,220.00 |
| Balance Sheet | ||
| For the Month Ended December 31 | ||
| Assets | ||
| Prepaid Insurance | 2,700.00 | |
| Accounts Receivable | 4,400.00 | |
| Building | 60,000.00 | |
| Accumulated Depreication | -17,000.00 | 43,000.00 |
| Supplies | 900.00 | |
| Cash | 14,000.00 | |
| Cash Dividend | 14,000.00 | |
| Total | 65,000.00 | |
| Liabilities | ||
| Notes Payable | 13,000.00 | |
| Accouts Payable | 2,500.00 | |
| Wages Payable | 600.00 | |
| Interst Payable | 180.00 | |
| Unearned Revenue | 900.00 | |
| Common stock | 11,600.00 | |
| Retain Earning | 36,220.00 | |
| Total | 65,000.00 |
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Following are the accounts and balances (in random order) from the adjusted trial balance of Stark Company
Following are the accounts and balances (in random order) from the adjusted trial balance of Stark Company.
Following are the accounts and balances (in random order) from the adjusted trial balance of Stark Company. 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 $113,600 on December 31 of the prior year.
Following are the accounts and balances (in random order) from the adjusted trial balance of Stark Company.
Following are the accounts and balances (in random order) from the adjusted trial balance of Stark Company. 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 $14.800 on December 31 of the prior year.
Following are the accounts and balances (in random order) from the adjusted trial balance of Stark...
Following are the accounts and balances (in random order) from the adjusted trial balance of Stark Company. 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 $61,600 on December 31 of the prior year.
Following are the accounts and balances (in random order) from the adjusted trial balance of Stark...
Following are the accounts and balances (in random order) from the adjusted trial balance of Stark Company $ 11,000 2,5ee 500 1,500 Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Retained earnings Services revenue Accumulated depreciation-Buildings Accounts receivable Utilities expense Interest payable Unearned revenue Supplies expense Buildings Dividends Depreciation expense-Buildings Supplies $ 15,000 4,000 1,300 100 800 2ee 40,000 3,000 2,000 800 10,000 7,500 1,800 10,000 14,800 20,000 Prepare the (1)...
Following are the accounts and balances (in random-order from the adjusted trial balance of Stark Company....
Following are the accounts and balances (in random-order from the adjusted trial balance of Stark Company. Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash $ 11,000 2,500 See 1,500 400 10,000 7,5ee 1,800 10,eee 14,800 2e, eee Accumulated depreciation-Buildings Accounts receivable Utilities expense Interest payable Unearned revenue Supplies expense Buildings Dividends Depreciation expense-Buildings Supplies $ 15,000 4,000 1,300 100 Bee 200 40,ce 3,000 2,80 800 Wages expense Insurance expense Common stock Retained earnings Services revenue Prepare the...
Please complete and or correct Following are the accounts and balances (in random order from the...
Please complete and or correct
Following are the accounts and balances (in random order from the adjusted trial balance of Stark Company $ 11,000 2,500 500 1,5ee 400 Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Retained earnings Services revenue Accumulated depreciation-Buildings Accounts receivable Utilities expense Interest payable Unearned revenue Supplies expense Buildings Dividends Depreciation expense-Buildings Supplies $ 15, eee 4,000 1,300 1ee 800 200 40,00 3, eee 2, Bee 10,000...
does anyone know what im missing ?? Following are the accounts and balances (in random order)...
does anyone know what im missing ??
Following are the accounts and balances (in random order) from the adjusted trial balance of Stark Company Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Retained earnings Services revenue $ 19,000 3,300 660 5,500 1,200 26,000 8,300 2,600 16,400 56,400 60,000 Accumulated depreciation-Buildings Accounts receivable Utilities expense Interest payable Unearned revenue Supplies expense Buildings Dividends Depreciation expense-Buildings Supplies $ 23,000 5,600 2,100 420 1,200...
Exercise 3-10 Preparing Financial Statements from a Trial Balance LO P6 Following are the accounts and...
Exercise 3-10 Preparing Financial Statements from a Trial Balance LO P6 Following are the accounts and balances from the adjusted trial balance of Stark Company. Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Stark, Capital Services revenue $ 14,000 Accumulated depreciation-Buildings 2,800 Accounts receivable 560 Utilities expense 3,000 Interest payable 700 Unearned revenue 16,000 Supplies expense 7,000 Buildings 2,100 Stark, Withdrawals 42,800 Depreciation expense-Buildings 35,000 Supplies $18,000 4,600 1,600 220 950 260 70,000...
I'm missing and expense Following are the accounts and balances (in random order) from the adjusted...
I'm missing and expense
Following are the accounts and balances (in random order) from the adjusted trial balance of Star Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Retained earnings Services revenue $ 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 10,000 Depreciation expense-Buildings 14,800 Supplies 20,000 $ 15,000 4,000 1,300 100 800 200 40,000 3,000 2,000...
The adjusted trial balance for Chiara Company as of December 31 follows. Credit Debit $ 145,000...
The adjusted trial balance for Chiara Company as of December 31 follows. Credit Debit $ 145,000 55,500 20,480 170,500 16,500 168,880 $ 55,888 138,600 17.000 83,000 Cash Accounts receivable Interest receivable Notes receivable (due in 90 days) Office Supplies Automobiles Accumulated depreciation-Automobiles Equipment Accumulated depreciation Equipment Land Accounts payable Interest payable Salaries payable Unearned fees Long-term notes payable Common stock Retained earnings Dividends Fees earned Interest earned Depreciation expense-Automobiles Depreciation expense-Equipment Salaries expense Wages expense Interest expense Office Supplies expense...
Following are the accounts and balances (in random order) from the adjusted trial balance of Stark Company $ 11,000 2,5ee 500 1,500 Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Retained earnings Services revenue Accumulated depreciation-Buildings Accounts receivable Utilities expense Interest payable Unearned revenue Supplies expense Buildings Dividends Depreciation expense-Buildings Supplies $ 15,000 4,000 1,300 100 800 2ee 40,000 3,000 2,000 800 10,000 7,500 1,800 10,000 14,800 20,000 Prepare the (1)...
Following are the accounts and balances (in random-order from the adjusted trial balance of Stark Company. Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash $ 11,000 2,500 See 1,500 400 10,000 7,5ee 1,800 10,eee 14,800 2e, eee Accumulated depreciation-Buildings Accounts receivable Utilities expense Interest payable Unearned revenue Supplies expense Buildings Dividends Depreciation expense-Buildings Supplies $ 15,000 4,000 1,300 100 Bee 200 40,ce 3,000 2,80 800 Wages expense Insurance expense Common stock Retained earnings Services revenue Prepare the...
Please complete and or correct
Following are the accounts and balances (in random order from the adjusted trial balance of Stark Company $ 11,000 2,500 500 1,5ee 400 Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Retained earnings Services revenue Accumulated depreciation-Buildings Accounts receivable Utilities expense Interest payable Unearned revenue Supplies expense Buildings Dividends Depreciation expense-Buildings Supplies $ 15, eee 4,000 1,300 1ee 800 200 40,00 3, eee 2, Bee 10,000...
does anyone know what im missing ??
Following are the accounts and balances (in random order) from the adjusted trial balance of Stark Company Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Retained earnings Services revenue $ 19,000 3,300 660 5,500 1,200 26,000 8,300 2,600 16,400 56,400 60,000 Accumulated depreciation-Buildings Accounts receivable Utilities expense Interest payable Unearned revenue Supplies expense Buildings Dividends Depreciation expense-Buildings Supplies $ 23,000 5,600 2,100 420 1,200...
Exercise 3-10 Preparing Financial Statements from a Trial Balance LO P6 Following are the accounts and balances from the adjusted trial balance of Stark Company. Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Stark, Capital Services revenue $ 14,000 Accumulated depreciation-Buildings 2,800 Accounts receivable 560 Utilities expense 3,000 Interest payable 700 Unearned revenue 16,000 Supplies expense 7,000 Buildings 2,100 Stark, Withdrawals 42,800 Depreciation expense-Buildings 35,000 Supplies $18,000 4,600 1,600 220 950 260 70,000...
I'm missing and expense
Following are the accounts and balances (in random order) from the adjusted trial balance of Star Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Retained earnings Services revenue $ 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 10,000 Depreciation expense-Buildings 14,800 Supplies 20,000 $ 15,000 4,000 1,300 100 800 200 40,000 3,000 2,000...
The adjusted trial balance for Chiara Company as of December 31 follows. Credit Debit $ 145,000 55,500 20,480 170,500 16,500 168,880 $ 55,888 138,600 17.000 83,000 Cash Accounts receivable Interest receivable Notes receivable (due in 90 days) Office Supplies Automobiles Accumulated depreciation-Automobiles Equipment Accumulated depreciation Equipment Land Accounts payable Interest payable Salaries payable Unearned fees Long-term notes payable Common stock Retained earnings Dividends Fees earned Interest earned Depreciation expense-Automobiles Depreciation expense-Equipment Salaries expense Wages expense Interest expense Office Supplies expense...
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