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Chevron Corporation's trial balance as of December 31, 2023, is as follows: Account Debit ($) Credit ($) Cash 120,000 Accounts Receivable 250,000 Inventory 200,000 Equipment

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

Account

Debit ($)

Credit ($)

Cash

120,000


Accounts Receivable

250,000


Inventory

200,000


Equipment

900,000


Accumulated Depreciation


350,000

Accounts Payable


150,000

Notes Payable


400,000

Common Stock


500,000

Retained Earnings


70,000

Sales Revenue


1,200,000

Cost of Goods Sold

750,000


Salaries Expense

180,000


Rent Expense

50,000


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

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