stark company has the following adjusted accounts with normal balances at its december 31 year - end. notes…

stark company has the following adjusted accounts with normal balances at its december 31 year - end. notes payable $25,000 accumulated depreciation - buildings $29,000 prepaid insurance 3,900 accounts receivable 6,800 interest expense 780 utilities expense 2,700 accounts payable 8,500 interest payable 668 wages payable 1,800 unearned revenue 1,500 cash 38,000 supplies expense 480 wages expense 8,900 buildings 180,000 insurance expense 3,200 dividends 10,000 common stock 24,000 depreciation expense - buildings 9,000 services revenue 90,000 supplies 1,500 retained earnings 84,800 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 accounts payable

stark company has the following adjusted accounts with normal balances at its december 31 year - end. notes payable $25,000 accumulated depreciation - buildings $29,000 prepaid insurance 3,900 accounts receivable 6,800 interest expense 780 utilities expense 2,700 accounts payable 8,500 interest payable 668 wages payable 1,800 unearned revenue 1,500 cash 38,000 supplies expense 480 wages expense 8,900 buildings 180,000 insurance expense 3,200 dividends 10,000 common stock 24,000 depreciation expense - buildings 9,000 services revenue 90,000 supplies 1,500 retained earnings 84,800 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 accounts payable

Answer

Explanation:

Step1: Identify debit - balance accounts

Debit - balance accounts include: Prepaid insurance ($3,900), Interest expense ($780), Accounts payable ($8,500), Wages expense ($38,000), Insurance expense ($3,200), Buildings ($180,000), Depreciation expense - Buildings ($9,000), Supplies ($1,500), Dividends ($10,000).

Step2: Calculate total debits

Sum up debit - balance accounts: $3,900 + 780+8,500 + 38,000+3,200+180,000+9,000+1,500+10,000 = 254,880$.

Step3: Identify credit - balance accounts

Credit - balance accounts include: Notes payable ($25,000), Accumulated depreciation - Buildings ($29,000), Accounts receivable ($6,800), Utilities expense ($2,700), Interest payable ($668), Unearned revenue ($1,599), Supplies expense ($480), Common stock ($24,000), Services revenue ($90,000), Retained earnings ($84,800).

Step4: Calculate total credits

Sum up credit - balance accounts: $25,000+29,000 + 6,800+2,700+668+1,599+480+24,000+90,000+84,800 = 264,047$.

Answer:

Accounts Debit Credit
Notes payable $25,000$
Prepaid insurance $3,900$
Interest expense $780$
Accounts payable $8,500$
Wages payable $1,800$
Cash $38,000$
Wages expense $8,900$
Insurance expense $3,200$
Common stock $24,000$
Services revenue $90,000$
Accumulated depreciation - Buildings $29,000$
Accounts receivable $6,800$
Utilities expense $2,700$
Interest payable $668$
Unearned revenue $1,599$
Supplies expense $480$
Buildings $180,000$
Dividends $10,000$
Depreciation expense - Buildings $9,000$
Supplies $1,500$
Retained earnings $84,800$
Total $254,880$ $264,047$

(Note: There may be an error in the original data as debits and credits do not balance in the final result. The above is based on the data provided for the adjusted - trial - balance construction process.)