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4. For each of the following accounts, indicate whether the account is shown in the income statement or the balance shee inancial Statement 15 Marks

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4. For each of the following accounts, indicate whether the account is shown in the income statement or the balance shee inancial Statement 15 Marks 1. Rent Expense 2. Accounts Payable 3. Service Revenue 4. Common Stock 5. Accounts Receivable 6. Retained Earnings 10. The adjusted trial balance for China Tea Company at December 31, 2012, is presented below: [10 marks Credit Debit $ 11,000 150,000 5.000 25.000 300,000 Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Rent Expense Depreciation Expense Interest Expense Utilities Expense Totals $135.000 20,000 4,000 1.000 30,000 200.000 50.000 20,000 400,000 INOX 70,000 15.000 30,000 2.000 32.000 $840,000 $8.40.000 Prepare an income statement for China Tea Company for the year ended December 31. 2012

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