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Adobe Inc.'s trial balance as of December 31, 2023, is as follows: Account Debit ($) Credit ($) Cash 1,600,000 Accounts Receivable 3,000,000 Inventory 2,000,000 Equipment
Adobe Inc.'s trial balance as of December 31, 2023, is as follows:
Account | Debit ($) | Credit ($) |
Cash | 1,600,000 | |
Accounts Receivable | 3,000,000 | |
Inventory | 2,000,000 | |
Equipment | 11,000,000 | |
Accumulated Depreciation | 6,000,000 | |
Accounts Payable | 3,000,000 | |
Notes Payable | 11,000,000 | |
Common Stock | 10,000,000 | |
Retained Earnings | 4,000,000 | |
Sales Revenue | 18,000,000 | |
Cost of Goods Sold | 12,000,000 | |
Salaries Expense | 3,000,000 | |
Rent Expense | 1,000,000 |
Prepare the adjusted trial balance for Adobe Inc. as of December 31, 2023.
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