intermediate accounting 1. MUST be in journal entry format to close the following accounts: 1. record the entry to close the revenue accounts. 2. close expense accounts. 3. close dividends accounts.

The adjusted trial balance for China Tea Company at December 31. 2021, is presented below: Debit Credit Cash 10, 800 Accounts receivable 153, 900 Prepaid rent 5 , 300 Inventory 28, 060 Equipment 330,000 Accumulated depreciation-equipment 128,000 Accounts payable 33, 000 Notes payable-due in three months 33, 090 Salaries payable 4, 300 Interest payable 10, 808 Common stock 215,000 Retained earnings 56, 600 Dividends 9 , 500 Sales revenue 430,000 Costs of goods sold 195,000 Salaries expense 123 , 090 Rent expense 18, 606 Depreciation expense 33,090 Interest expense 2, 300 Advertising expense 2 ,808 Totals 910, 700 910, 700 Required Prepare the closing entries for China Tea Company for the year ended December 31, 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet