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The adjusted trial balance for China Tea Company at December 31, 2021 is presented below. Credit Debit $19,000 151,000 7,eee 29,000 330,000 Accounts Cash Accounts

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The adjusted trial balance for China Tea Company at December 31, 2021 is presented below. Credit Debit $19,000 151,000 7,eee 29,000 330,000 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 Totals $134,000 19,000 3,300 1,200 23.ee 180,00 128, 100 25,000 420,000 184, eee 8 , 12,000 32,000 2,600 37.000 $ 988,600 $908,600 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 View journal entry worksheet Debit Credit No General Journal Date December 31 2021 420,000 1 Service revenue 2 December 31 2021 Salaries expense

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