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Chevron Corporations trial balance as of December 31, 2023, is as follows: Account Debit ($) Credit ($) Cash 350,000 Accounts Receivable 500,000 Inventory 550,000 Equipment

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

Account

Debit ($)

Credit ($)

Cash

350,000


Accounts Receivable

500,000


Inventory

550,000


Equipment

3,500,000


Accumulated Depreciation


1,250,000

Accounts Payable


500,000

Notes Payable


1,550,000

Common Stock


2,500,000

Retained Earnings


350,000

Sales Revenue


5,500,000

Cost of Goods Sold

3,500,000


Salaries Expense

650,000


Rent Expense

250,000


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

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