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Chevron Corporation's trial balance as of December 31, 2023, is as follows: Account Debit ($) Credit ($) Cash 125,000 Accounts Receivable 350,000 Inventory 300,000 Equipment

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

Account

Debit ($)

Credit ($)

Cash

125,000


Accounts Receivable

350,000


Inventory

300,000


Equipment

950,000


Accumulated Depreciation


450,000

Accounts Payable


250,000

Notes Payable


450,000

Common Stock


600,000

Retained Earnings


75,000

Sales Revenue


1,250,000

Cost of Goods Sold

850,000


Salaries Expense

200,000


Rent Expense

55,000


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

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