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Apple Inc.'s trial balance as of December 31, 2023, is as follows: Account Debit ($) Credit ($) Cash 4,000,000 Accounts Receivable 8,000,000 Inventory 7,000,000 Equipment
Apple Inc.'s trial balance as of December 31, 2023, is as follows:
Account | Debit ($) | Credit ($) |
Cash | 4,000,000 | |
Accounts Receivable | 8,000,000 | |
Inventory | 7,000,000 | |
Equipment | 26,000,000 | |
Accumulated Depreciation | 15,000,000 | |
Accounts Payable | 9,000,000 | |
Notes Payable | 26,000,000 | |
Common Stock | 25,000,000 | |
Retained Earnings | 10,000,000 | |
Sales Revenue | 36,000,000 | |
Cost of Goods Sold | 28,000,000 | |
Salaries Expense | 8,000,000 | |
Rent Expense | 3,500,000 |
Prepare the adjusted trial balance for Apple Inc. as of December 31, 2023.
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