H & H Tool Trial Balance on January 1, 2023 (dollars in millions, except par value)
	Debit	Credit
Cash	11
Accounts receivable	10
Supplies	25
Land
Equipment	92
Accumulated depreciation (on equipment)		11
Other noncurrent assets (not detailed to simplify)	6
Accounts payable
Wages payable
Interest payable
Dividends payable
Income taxes payable
Long-term notes payable
Common stock (8 million shares, $0.50 par value)		5
Additional paid-in capital		94
Retained earnings		34
Service revenue
Depreciation expense
Supplies expense
Wages expense
Interest expense
Income tax expense
Miscellaneous expenses (not detailed to simplify)
Totals	144	144

Sold 6 million additional shares of common stock for cash at $1 market value per share on January 1, 2023.