[The following information applies to the questions displayed below.) Stark company has the following adjusted accounts with normal balances at its December 31 year-end, Notes payable Prepaid insurance Interest expenso Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Services revenue $ 13,000 Accumulated depreciation-Buildings 2,700 Accounts receivable 540 Utilities expense 2,500 Interest payable 600 Unearned revenue 14,000 Supplies expense 7,700 Buildings 2,000 Dividends 12,000 Depreciation expense-Buildings 30,000 Supplies Retained earnings $ 17,000 4,400 1,500 180 900 240 60,000 4,000 3,000 900 24,800 Exercise 3-16 (Algo) Preparing an adjusted trial balance LO P5 Use the adjusted trial balance accounts and balances at its December 31 year-end for Stark Company to prepare an adjusted trial balance STARK COMPANY Adjusted Trial Balance December 31 Debit Credit December 31 Debit Credit Totals $ 0 $ 0 Income Statement Statement of Retained Earnings Balance Sheet Prepare the income statement for the year ended December 31. STARK COMPANY Income Statement For Year Ended December 31 Expenses 0 Total expenses $ 0 Statement of Income Retained Statement Balance Sheet Earnings Prepare the statement of retained earnings for the year ended December 31. The Retained Earnings account balance was $24,800 on December 31 of the prior year. STARK COMPANY Statement of Retained Earnings For Year Ended December 31 Retained earnings, December 31 prior year end 0 s 0 Retained earnings, December 31 current year end STARK COMPANY Balance Sheet December 31 Assets 0 Total assets $ 0 Liabilities Total liabilities 0 Equity 0 Total equity Total liabilities and equity $ 0 Tableau DA 3-3: Mini-Case, Analyzing adjusting entries and preparing an adjusted trial balance LO P5 [The following information applies to the questions displayed below.) Roland Company began operations on December 1 and needs assistance in preparing December 31 financial statements, Including its year-end adjustments. The Tableau dashboard is provided to assist in the work. Selected December-January Transactions Started work for Telo Dec. 31 Year-End Finished Work for Telo Purchased Insurance Dec 1 Dec 7 Dec 13 Dec 24 Jan 5 Jan 12 Purchased Supplies Received Cash in Advance vages Paid Additional Information as of December 31 Telo Job Completion at Year-End ABX Job Completion at Year-End Additional Information as of December 31 Telo Job Completion at Year-End ABX Job Completion at Year-End Telo 60% Complete ABX 25% Complete Supplies Remaining at Year-End Wages Earned By Workers but not yet Paid at Year-End 1. For each December 31 adjusting entry, indicate the account impacted along with the amount and direction [+ or -> or the effects on the accounting equation by filling in the following table. The first entry is completed Answer is not complete, Liabilities Assets -$100 Prepaid insurance 1,100 Supplies Equity -$100 insurance expense a b Adjusting Entry Prepaid Insurance Supplies Accrued Wages Accued Revenge Uneamed Revenue c. 500 d. +6,000 Accounts receivable - -1.000 Uneamed revenue