Top Research Professionals
The research experts and assignment help team consists exclusively of highly qualified graduate writers, each professional with in-depth subject matter expertise and significant experience in custom academic writing.
Boost Your Final Grades By Ordering Custom Writing Help!
For similar papers and sample answers; with a few clicks, Order your research paper, thesis, dissertation writing and other assignment help services
Posted: March 17th, 2023
The adjusted trial balance for china tea company at december 31, 2006
The adjusted trial balance for China Tea Company at December 31, 2006 is presented below:
Debit Credit
Cash 10,500
Accounts Receivable 150,000
Allowance for uncollectible accounts 10,000
Prepaid rent 5,000
Inventory 25,000
Equipment 300,000
Accumulated depreciation-equipment 125,000
Accounts payable 20,000
Notes payable- due in three months 30,000
Salaries payable 4,000
Interest payable 1,000
Capital stock 200,000
Retained earnings 50,000
Sales revenue 400,000
Cost of goods sold 180,000
Salaries expense 120,000
Rent expense 15,000
Depreciation expense 30,000
Interest expense 2,000
Bad debt expense 2,500
Totals 840,000 840,000
a. Prepare a classified balance sheet for China Tea Company as of December 31,2006
b. Prepare an income statement for China Tea Company for the year ended December 31,2006
Why Choose our Custom Writing Services
We prioritize delivering top quality work sought by college students.
Discounted Pricing
Our custom writing services maintain the highest quality while remaining affordable for students. Our pricing for research papers, theses, and dissertations is not only fair considering the superior quality but also competitive with other writing services.
0% Similarity Index
We guarantee plagiarism-free, human-written content. Every product is assured to be original and not AI-generated. Our writers, tutors and editors are research experts who ensures the right formating and citation sytles are followed. To note, all the final drafts undergo rigorous plagiarism checks before delivery for submission to ensure authenticity for our valued customers.
How it works
When you decide to place an order with Dissertation Help, here is what happens: