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The adjusted trial balance for China Tea Company at December 31, 2021. is presented below: 13 Cash Accounts receivable Prepaid rent. Inventory Rquipment Accumulated depreciation
The adjusted trial balance for China Tea Company at December 31, 2021. is presented below: 13 Cash Accounts receivable Prepaid rent. Inventory Rquipment Accumulated depreciation equipment Accounts payable Notea payable in three month Salariee payable Interest payable Con stock Retained earnings Dividends Sales revenue Costs of goods sold Salaries exper.se Rent expense Depreciation expense Interest expense Advertising expense Totala Debit Credit 10,500 150,000 5,000 25,000 300,000 125,000 30,000 30,000 4,000 9,000 200,000 50,000 8,000 400,000 180,000 120,000 15,000 30,000 2.000 2,500 848,000 848,000 20,00 Required: Prepare a classified balance sheet for China Tea Company as of December 31, 2021. (Amounts to be deducted should be indicated by a minus sign.) CHINA TEA COMPANY Balance Sheet At December 31, 2021 Assets 0 Total assets S 01
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