need it asap pls 23 The adjusted trial balance...

70.2K

Verified Solution

Question

Accounting

need it asap pls
image
image
23 The adjusted trial balance for China Tea Company at December 31, 2021, is presented below. Credit Debit $17,000 161,000 6,000 35,000 310,000 8 0206:22 Skloped Accounts Cash Accounts receivable Prepaid rent Supplies Equipment Accumulated depreciation Accounts payable Salaries payable Interest payable Notes payable (due in two years) Comon stock Retained earnings Dividends Service revenue Salaries expense Advertising expense Rent expense Depreciation expense Interest expense Utilities expense Totals $125,000 12,000 3,800 1,500 20,000 160,000 86,500 22,000 490,000 Is 188,000 79,000 15,000 35,000 2,800 36,000 $898,800 $898,800 Prepare a classified balance sheet for China Tea Company as of December 31, 2021. (Amounts to be deducted should with a minus sinin CHINA TEA COMPANY Balance Sheet As of December 31, 2021 Assets Current assets Liabilities and Stockholders' Equity Current liabilities Total current liabilities $ 0 Total liabilities 0 $ 0 Total current assets Long-term assets Stockholders' Equity: 0 Total long-term assets Total assets Total stockholders' equity Total liabilities and stockholders' equity 5 0 0 0 $

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students