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Berkshire Hathaway Inc.'s trial balance as of December 31, 2023, is as follows: Account Debit ($) Credit ($) Cash 5,000,000 Accounts Receivable 10,000,000 Inventory 8,000,000
Berkshire Hathaway Inc.'s trial balance as of December 31, 2023, is as follows:
Account | Debit ($) | Credit ($) |
Cash | 5,000,000 | |
Accounts Receivable | 10,000,000 | |
Inventory | 8,000,000 | |
Equipment | 30,000,000 | |
Accumulated Depreciation | 19,000,000 | |
Accounts Payable | 10,000,000 | |
Notes Payable | 40,000,000 | |
Common Stock | 28,000,000 | |
Retained Earnings | 14,000,000 | |
Sales Revenue | 42,000,000 | |
Cost of Goods Sold | 32,000,000 | |
Salaries Expense | 9,500,000 | |
Rent Expense | 4,000,000 |
Prepare the adjusted trial balance for Berkshire Hathaway Inc. as of December 31, 2023.
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