close revenue, expense and dividends account

Saved The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Credit Debit 10,500 150,000 5,000 25,000 300,000 56:20 Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation equipment Accounts payable Notes payable-due in three months Salaries payable Interest payable Common stock Retained earnings Dividends Sales revenue Costs of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals 125, eee 30.000 30,000 4,000 9,000 288,888 50,000 8. eee 488,000 180,000 120, eee 15, 30,000 2,000 2.500 848,000 848,000 Required: Prepare the closing entries for China Tea Company for the year ended December 31, 2021. (If no entry is re transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet to search O BI E 71 DIL Pritsch F2 F3 74 F5 F6