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General Electric Company's trial balance as of December 31, 2023, is as follows: Account Debit ($) Credit ($) Cash 850,000 Accounts Receivable 1,500,000 Inventory 950,000
General Electric Company's trial balance as of December 31, 2023, is as follows:
Account | Debit ($) | Credit ($) |
Cash | 850,000 | |
Accounts Receivable | 1,500,000 | |
Inventory | 950,000 | |
Equipment | 5,550,000 | |
Accumulated Depreciation | 3,500,000 | |
Accounts Payable | 1,200,000 | |
Notes Payable | 5,500,000 | |
Common Stock | 5,500,000 | |
Retained Earnings | 1,200,000 | |
Sales Revenue | 11,500,000 | |
Cost of Goods Sold | 6,500,000 | |
Salaries Expense | 1,400,000 | |
Rent Expense | 450,000 |
Prepare the adjusted trial balance for General Electric Company as of December 31, 2023.
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