Chevron Corporation

Unadjusted Trial Balance as at 30 June 2023

	Debit ($)	Credit ($)
Cash	40,000
Accounts Receivable	50,000
Inventory	60,000
Equipment	350,000
Accumulated Depreciation - Equipment		70,000
Accounts Payable		30,000
Notes Payable		70,000
Common Stock		200,000
Retained Earnings		90,000
Sales Revenue		400,000
Cost of Goods Sold	250,000
Rent Expense	30,000
Salaries Expense	40,000
Total	860,000	860,000

Required:

1. Prepare the Ledger Accounts for the above unadjusted trial balance.
2. Calculate the Adjusted Trial Balance.
3. Prepare the Income Statement for the period ended 30 June 2023.