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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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