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final examination part ce help sav the adjusted trial balance for china tea company

final examination part ce help sav the adjusted trial balance for china tea company

final examination part ce help sav the adjusted trial balance for china tea company at december 31, 2018, is presented below 7 cash accounts receivable prepaid rent 11,580 160,00e 6,809 35,800 408,888 inventory equipnent accumulated depreciation 135,800 accounts payable 48,888 48,809 5,808 2,880 258,809 72,800 ee,88e notes payable due in three sonths salaries payable interest payable comson stock retained earnings sales revenue costs of goods sold salaries expense rent expense dopreciation expense interest expense advertising expense 238,880 130,888 25,008 48,800 3,800 3,580 totals 1,844,088 1,844,888 < prev 7 of s9 enext> o type here to search it

final examination part ce help sav the adjusted trial balance for china tea company

The adjusted trial balance for China Tea Company at December 31, 2021, is presented below:

AccountsDebitCredit
Cash$11,000
Accounts receivable150,000
Prepaid rent5,000
Supplies25,000
Equipment300,000
Accumulated depreciation$135,000
Accounts payable20,000
Salaries payable4,000
Interest payable1,000
Notes payable (due in two years)30,000
Common stock200,000
Retained earnings50,000
Dividends20,000
Service revenue400,000
Salaries expense180,000
Advertising expense70,000
Rent expense15,000
Depreciation expense30,000
Interest expense2,000
Utilities expense32,000
Totals$840,000$840,000

Prepare an income statement for China Tea Company for the year ended December 31, 2021:

Prepare a classified balance sheet for China Tea Company as of December 31, 2021.(Amounts to be deducted should be indicated with a minus sign.)

Prepare the closing entries for China Tea Company for the year ended December 31, 2021. (If no entry is required for a transaction/event, select “No journal entry required” in the first account field.)

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complete this question by entering your answers in the tabs below. required a required b required c corentine co. had $160,000 of accounts payable on september 30 and $136,500 on october 31. total purchases on account during october were $289,000. determine how much cash was paid on accounts payable during october. accounts payable ending balance required a required b

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