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Company: AT&T Inc. AT&T Inc.'s trial balance as of December 31, 2023, is as follows: Account Debit ($) Credit ($) Cash 650,000 Accounts Receivable 850,000
Company: AT&T Inc.
AT&T Inc.'s trial balance as of December 31, 2023, is as follows:
Account | Debit ($) | Credit ($) |
Cash | 650,000 | |
Accounts Receivable | 850,000 | |
Inventory | 700,000 | |
Equipment | 4,550,000 | |
Accumulated Depreciation | 2,500,000 | |
Accounts Payable | 850,000 | |
Notes Payable | 3,500,000 | |
Common Stock | 3,500,000 | |
Retained Earnings | 855,000 | |
Sales Revenue | 9,500,000 | |
Cost of Goods Sold | 5,450,000 | |
Salaries Expense | 1,50,000 | |
Rent Expense | 450,000 |
Prepare the adjusted trial balance for AT&T Inc. as of December 31, 2023.
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