Quiz – China Tea Company

Intermediate Accounting

Spiceland, Nelson, and Thomas

10th Edition

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Difficulty – Medium

Given an adjusted trial balance prepare the closing entries for the company for the year end.

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  • Search Terms: ) accounts accumulated advertising depreciation equipment interest inventory prepaid rent salaries sales , , , accounts , common , costs , dividends , interest , notes , retained , salaries . _______ totals adjusted at balance below: china closing company credit cash debit december depreciation–equipment earnings ended entries expense for goods in is months of payable payable–due prepare presented receivable rent revenue sold stock tea the three trial year
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