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The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Credit Debit 11,800 163,000 6,300 38,000 430,000 Cash Accounts receivable

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The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Credit Debit 11,800 163,000 6,300 38,000 430,000 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 138,000 43,000 43,000 5,360 16,800 265,000 78,600 14,500 530,000 245,000 133,000 28,900 43, 900 3,300 3,800 1, 119,700 1, 119, 700 Required: 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.) View transaction list Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits Event General Journal Debit Credit 1 Record entry Clear entry View general journal Required 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.) View transaction list Journal entry worksheet Record the entry to close the expense accounts. Note Entor debits before credits General Journal Debit Credit Event 2 Record entry Clear entry View general journal Required 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.) View transaction list Journal entry worksheet Record the entry to close the dividends account. Note: Enter debits before credits General Journal Debit Credit Event 3 Record entry Clear entry View general journal

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