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IBM Corporations trial balance as of December 31, 2023, is as follows: Account Debit ($) Credit ($) Cash 250,000 Accounts Receivable 450,000 Inventory 500,000 Equipment
IBM Corporation’s trial balance as of December 31, 2023, is as follows:
Account | Debit ($) | Credit ($) |
Cash | 250,000 | |
Accounts Receivable | 450,000 | |
Inventory | 500,000 | |
Equipment | 2,500,000 | |
Accumulated Depreciation | 700,000 | |
Accounts Payable | 250,000 | |
Notes Payable | 850,000 | |
Common Stock | 1,500,000 | |
Retained Earnings | 225,000 | |
Sales Revenue | 3,500,000 | |
Cost of Goods Sold | 1,850,000 | |
Salaries Expense | 400,000 | |
Rent Expense | 120,000 |
Prepare the adjusted trial balance for IBM Corporation as of December 31, 2023.
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