3 Exercise 3-8 Preparing Financial Statements from a Trial Balance LO P6
Following are the accounts and balances (in random order) from the adjusted trial balance of Stark Company,
66
Dints
$ 33,000
7,600
3,100
820
eBook
Hint
1,700
Notes payable
Prepaid insurance
Interest expense
Accounts payable
Wages payable
Cash
Wages expense
Insurance expense
Common stock
Retained earnings
Services revenue
$ 29,000
4,300
860
10,500
2,200
9,300
3,600
24,400
108,400
110,000
Accumulated depreciation-Buildings
Accounts receivable
Utilities expense
Interest payable
Unearned revenue
Supplies expense
Buildings
Dividends
Depreciation expense-Buildings
Supplies
46,000
Print
560
220,000
12,000
11,000
1,700
References
Prepare the (1) Income statement and (2) statement of retained earnings for the year ended December 31 and (3) balance she
December 31. The Retained Earnings account balance was $108,400 on December 31 of the prior year.
Complete this question by entering your answers in the tabs below.
Income
Statement
Statement of
Retained
Earnings
Balance Sheet