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Berkshire Hathaway provided the following information as of December 31, 2023: Account Debit ($) Credit ($) Cash 95,000 Accounts Receivable 300,000 Inventory 250,000 Equipment 800,000
Berkshire Hathaway provided the following information as of December 31, 2023:
Account | Debit ($) | Credit ($) |
Cash | 95,000 | |
Accounts Receivable | 300,000 | |
Inventory | 250,000 | |
Equipment | 800,000 | |
Accumulated Depreciation | 400,000 | |
Accounts Payable | 130,000 | |
Notes Payable | 350,000 | |
Common Stock | 500,000 | |
Retained Earnings | 80,000 | |
Sales Revenue | 1,500,000 | |
Cost of Goods Sold | 700,000 | |
Salaries Expense | 150,000 | |
Rent Expense | 45,000 |
Prepare an adjusted trial balance for Berkshire Hathaway as of December 31, 2023.
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