Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Credit Dubit 320,000 166,000 6, ODO 26,ODD 310, DDD Accounts
The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Credit Dubit 320,000 166,000 6, ODO 26,ODD 310, DDD Accounts Canh Account ReceiTable Prepaid sunt Supplies Equipment Acested depreciation Accounta payable Galeriea payable Intezuat payable THESE Notas payable (due in two years) Con stock Rated Garnings iyidanda Service Revenue Salerten Experte Advertising AG Sunt expense Depreciation explanat Intereat expeBE Utilities expena $126,000 12,000 4,000 1,800 30,00 160,000 180, 300 26, ODD 410, DO 182,0DD B0,00D 19,000 40, DOO 2,200 40, DDD 324,300 5924,100 Prepare a classified balance sheet for China Tea Company as of December 31, 2021. (Amounts to be deducted should be ind with a minus sign) CHINA TEA COMPANY Balance sheel As of December 31, 2021 Assets Liabilities and Stockholders Equity Currenrasses Current liabilities Total current Totalt Tot current a 5 0 Stockholders Equity Long-term assets Total long-tom Total okoldas y Totables de maders gut Tocal asset 15
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started