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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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