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Chevron Corporations trial balance as of December 31, 2023, is as follows: Account Debit ($) Credit ($) Cash 250,000 Accounts Receivable 450,000 Inventory 500,000 Equipment

Chevron Corporation’s trial balance as of December 31, 2023, is as follows:

Account

Debit ($)

Credit ($)

Cash

250,000


Accounts Receivable

450,000


Inventory

500,000


Equipment

3,000,000


Accumulated Depreciation


1,200,000

Accounts Payable


450,000

Notes Payable


1,500,000

Common Stock


1,500,000

Retained Earnings


300,000

Sales Revenue


5,000,000

Cost of Goods Sold

3,000,000


Salaries Expense

600,000


Rent Expense

200,000


Prepare the adjusted trial balance for Chevron Corporation as of December 31, 2023.

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