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The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Credit Debit 5 13,000 162.000 5,000 29,000 340,000 Accounts Cash
The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Credit Debit 5 13,000 162.000 5,000 29,000 340,000 Accounts 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 Totala $ 130,000 14,000 3,500 1.000 35,000 220,000 172,800 22,000 330,000 170,000 76,000 17,000 31,000 2,300 39,000 $906,300 $906,300 Prepare an income statement for China Tea Company for the year ended December 31, 2021 CHINA TEA COMPANY Income Statement For the Year Ended December 31, 2021 35,000 220,000 172,800 22.000 330.000 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 170,000 76,000 17.000 31.000 2,300 39,000 $906,300 $906,300 Prepare an income statement for China Tea Company for the year ended December 31, 2021: CHINA TEA COMPANY Income Statement For the Year Ended December 31, 2021 Total Expenses 0 $ 0
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