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

Suppose a stock had an initial price of $65 per share, paid a dividend of $1.45 per share during the year, and had an ending share price of $58. a, compute the percentage total return. (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.) b. what was the dividend yield and the capital gains yield? (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e. g., 32.16.)

An employer who is considering hiring eva has asked donna, eva’s former supervisor, for a report on eva. in truth, eva’s work for donna has been only average. however, eva is donna’s friend, and donna knows that eva probably will not get the job if she says anything negative about eva, and donna knows that eva desperately needs the job. further, donna knows that if the situation were reversed, she would not want eva to mention her deficiencies. nevertheless, it has been donna’s policy to reveal the deficiencies of employees when she has been asked for references by employers, and she knows that some of eva’s faults may be bothersome to this particular employer. finally, this employer has leveled with donna in the past when donna has asked for a report on people who have worked for him. should donna reveal deficiencies in eva’s past performance? (remember to use one of the three moral theories acceptable for this test to solve this dilemma. any discussion of any personal opinion, religious perspective, or theory other than the moral theories acceptable for this test will result in a score of "0" for this question.)

On april 1, the cash account balance was $46,220. during april, cash receipts totaled $248,600 and the april 30 balance was $56,770. determine the cash payments made during april.