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American Airlines Group Inc.'s trial balance as of December 31, 2023, is as follows: Account Debit ($) Credit ($) Cash 500,000 Accounts Receivable 600,000 Inventory
American Airlines Group Inc.'s trial balance as of December 31, 2023, is as follows:
Account | Debit ($) | Credit ($) |
Cash | 500,000 | |
Accounts Receivable | 600,000 | |
Inventory | 550,000 | |
Equipment | 3,800,000 | |
Accumulated Depreciation | 1,600,000 | |
Accounts Payable | 600,000 | |
Notes Payable | 2,500,000 | |
Common Stock | 2,500,000 | |
Retained Earnings | 650,000 | |
Sales Revenue | 7,000,000 | |
Cost of Goods Sold | 4,200,000 | |
Salaries Expense | 800,000 | |
Rent Expense | 280,000 |
Prepare the adjusted trial balance for American Airlines Group Inc. as of December 31, 2023.
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