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problem: The adjusted trial balance for China Tea Company at December 31, 2009 is presented below: 







Accounts receivable












Accumulated depreciation - equipment



Accounts payable



Notes payable



Unearned revenue



Interest payable



Capital stock



Retained Earnings






Service revenue



Cost of Goods Sold



Wage expense



Depreciation expense



Rent expense



Supplies Expense



Interest expense






[A] Make the closing entries for China Tea Company for the year ended December 31, 2009 in proper format [omit explanations].

[B] Make Statement of Retained Earnings for the year ended December 31, 2009 in proper format.

Cost Accounting, Accounting

  • Category:- Cost Accounting
  • Reference No.:- M922239

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