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Hewlett-Packard (HP) Inc.'s trial balance as of December 31, 2023, is as follows: Account Debit ($) Credit ($) Cash 950,000 Accounts Receivable 1,300,000 Inventory 958,000
Hewlett-Packard (HP) Inc.'s trial balance as of December 31, 2023, is as follows:
Account | Debit ($) | Credit ($) |
Cash | 950,000 | |
Accounts Receivable | 1,300,000 | |
Inventory | 958,000 | |
Equipment | 6,500,000 | |
Accumulated Depreciation | 3,56,000 | |
Accounts Payable | 1,550,000 | |
Notes Payable | 6,500,000 | |
Common Stock | 6,600,000 | |
Retained Earnings | 1,450,000 | |
Sales Revenue | 12,500,000 | |
Cost of Goods Sold | 7,000,000 | |
Salaries Expense | 1,600,000 | |
Rent Expense | 500,000 |
Prepare the adjusted trial balance for Hewlett-Packard (HP) Inc. as of December 31, 2023.
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