Google LLC

Trial Balance as at 31 December 2023

	Debit ($)	Credit ($)
Cash	15,000
Accounts Receivable	30,000
Inventory	25,000
Property, Plant, and Equipment	200,000
Accounts Payable		20,000
Notes Payable		40,000
Share Capital		100,000
Retained Earnings		80,000
Sales Revenue		150,000
Cost of Goods Sold	90,000
Operating Expenses	40,000
Total	400,000	400,000

Required:

1. Prepare the Ledger Accounts for the above trial balance.
2. Calculate the Net Income for the year ended 31 December 2023.
3. Formulate the Balance Sheet as at 31 December 2023.