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ExxonMobil Corporations trial balance as of December 31, 2023, is as follows: Account Debit ($) Credit ($) Cash 700,000 Accounts Receivable 900,000 Inventory 750,000 Equipment
ExxonMobil Corporation’s trial balance as of December 31, 2023, is as follows:
Account | Debit ($) | Credit ($) |
Cash | 700,000 | |
Accounts Receivable | 900,000 | |
Inventory | 750,000 | |
Equipment | 5,000,000 | |
Accumulated Depreciation | 2,500,000 | |
Accounts Payable | 1,000,000 | |
Notes Payable | 4,000,000 | |
Common Stock | 4,500,000 | |
Retained Earnings | 1,000,000 | |
Sales Revenue | 10,000,000 | |
Cost of Goods Sold | 6,000,000 | |
Salaries Expense | 1,200,000 | |
Rent Expense | 400,000 |
Prepare the adjusted trial balance for ExxonMobil Corporation as of December 31, 2023.
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