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IBM Corporations trial balance as of December 31, 2023, is as follows: Account Debit ($) Credit ($) Cash 150,000 Accounts Receivable 350,000 Inventory 400,000 Equipment
IBM Corporation’s trial balance as of December 31, 2023, is as follows:
Account | Debit ($) | Credit ($) |
Cash | 150,000 | |
Accounts Receivable | 350,000 | |
Inventory | 400,000 | |
Equipment | 2,000,000 | |
Accumulated Depreciation | 600,000 | |
Accounts Payable | 280,000 | |
Notes Payable | 800,000 | |
Common Stock | 1,000,000 | |
Retained Earnings | 220,000 | |
Sales Revenue | 3,000,000 | |
Cost of Goods Sold | 1,800,000 | |
Salaries Expense | 360,000 | |
Rent Expense | 120,000 |
Prepare the adjusted trial balance for IBM Corporation as of December 31, 2023.
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