Microsoft Corporation

Unadjusted Trial Balance as at 30 June 2023

	Debit ($)	Credit ($)
Cash	50,000
Accounts Receivable	60,000
Inventory	70,000
Equipment	300,000
Accumulated Depreciation - Equipment		100,000
Accounts Payable		40,000
Notes Payable		90,000
Common Stock		200,000
Retained Earnings		100,000
Sales Revenue		400,000
Cost of Goods Sold	250,000
Rent Expense	30,000
Salaries Expense	50,000
Total	810,000	810,000

Required:

1. Prepare the Ledger Accounts for the above unadjusted trial balance.
2. Calculate the Adjusted Trial Balance.
3. Prepare the Income Statement for the period ended 30 June 2023.