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Merck & Co., Inc.'s trial balance as of December 31, 2023, is as follows: Account Debit ($) Credit ($) Cash 2,250,000 Accounts Receivable 4,500,000 Inventory
Merck & Co., Inc.'s trial balance as of December 31, 2023, is as follows:
Account | Debit ($) | Credit ($) |
Cash | 2,250,000 | |
Accounts Receivable | 4,500,000 | |
Inventory | 3,500,000 | |
Equipment | 15,500,000 | |
Accumulated Depreciation | 9,500,000 | |
Accounts Payable | 5,500,000 | |
Notes Payable | 15,000,000 | |
Common Stock | 14,500,000 | |
Retained Earnings | 6,500,000 | |
Sales Revenue | 26,500,000 | |
Cost of Goods Sold | 16,000,000 | |
Salaries Expense | 4,500,000 | |
Rent Expense | 2,000,000 |
Prepare the adjusted trial balance for Merck & Co., Inc. as of December 31, 2023.
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