Question
Costco Wholesale Corporation's trial balance as of December 31, 2023, is as follows: Account Debit ($) Credit ($) Cash 1,800,000 Accounts Receivable 3,500,000 Inventory 2,500,000
Costco Wholesale Corporation's trial balance as of December 31, 2023, is as follows:
Account | Debit ($) | Credit ($) |
Cash | 1,800,000 | |
Accounts Receivable | 3,500,000 | |
Inventory | 2,500,000 | |
Equipment | 12,000,000 | |
Accumulated Depreciation | 7,000,000 | |
Accounts Payable | 3,500,000 | |
Notes Payable | 12,000,000 | |
Common Stock | 11,000,000 | |
Retained Earnings | 4,500,000 | |
Sales Revenue | 20,000,000 | |
Cost of Goods Sold | 13,000,000 | |
Salaries Expense | 3,500,000 | |
Rent Expense | 1,200 | Prepare the adjusted trial balance for Costco Wholesale Corporation's as of December 31, 2023.
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GE's trial balance as of December 31, 2023, is as follows:
Account | Debit ($) | Credit ($) |
Cash | 1,500,000 | |
Accounts Receivable | 2,800,000 | |
Inventory | 2,200,000 | |
Equipment | 13,000,000 | |
Accumulated Depreciation | 7,500,000 | |
Accounts Payable | 3,800,000 | |
Notes Payable | 13,000,000 | |
Common Stock | 12,000,000 | |
Retained Earnings | 5,000,000 | |
Sales Revenue | 22,000,000 | |
Cost of Goods Sold | 14,000,000 | |
Salaries Expense | 3,800,000 | |
Rent Expense | 1,500,000 |
Prepare the adjusted trial balance for GE as of December 31, 2023.
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