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American Airlines Group Inc.'s trial balance as of December 31, 2023, is as follows: Account Debit ($) Credit ($) Cash 580,000 Accounts Receivable 680,000 Inventory
American Airlines Group Inc.'s trial balance as of December 31, 2023, is as follows:
Account | Debit ($) | Credit ($) |
Cash | 580,000 | |
Accounts Receivable | 680,000 | |
Inventory | 650,000 | |
Equipment | 3,950,000 | |
Accumulated Depreciation | 1,650,000 | |
Accounts Payable | 650,000 | |
Notes Payable | 2,550,000 | |
Common Stock | 3,500,000 | |
Retained Earnings | 700,000 | |
Sales Revenue | 7,500,000 | |
Cost of Goods Sold | 4,500,000 | |
Salaries Expense | 850,000 | |
Rent Expense | 285,000 |
Prepare the adjusted trial balance for American Airlines Group Inc. as of December 31, 2023.
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