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Berkshire Hathaway Inc.'s trial balance as of December 31, 2024, is as follows: Account Debit ($) Credit ($) Cash 6,500,000 Accounts Receivable 13,000,000 Inventory 11,000,000
Berkshire Hathaway Inc.'s trial balance as of December 31, 2024, is as follows:
Account | Debit ($) | Credit ($) |
Cash | 6,500,000 | |
Accounts Receivable | 13,000,000 | |
Inventory | 11,000,000 | |
Equipment | 40,000,000 | |
Accumulated Depreciation | 24,000,000 | |
Accounts Payable | 13,000,000 | |
Notes Payable | 40,000,000 | |
Common Stock | 36,000,000 | |
Retained Earnings | 18,000,000 | |
Sales Revenue | 52,000,000 | |
Cost of Goods Sold | 44,000,000 | |
Salaries Expense | 12,000,000 | |
Rent Expense | 5,500,000 |
Prepare the adjusted trial balance for Berkshire Hathaway Inc. as of December 31, 2024.
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