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Microsoft Corporation's trial balance as of December 31, 2023, is as follows: Account Debit ($) Credit ($) Cash 3,000,000 Accounts Receivable 6,000,000 Inventory 5,000,000 Equipment
Microsoft Corporation's trial balance as of December 31, 2023, is as follows:
Account | Debit ($) | Credit ($) |
Cash | 3,000,000 | |
Accounts Receivable | 6,000,000 | |
Inventory | 5,000,000 | |
Equipment | 18,000,000 | |
Accumulated Depreciation | 11,000,000 | |
Accounts Payable | 7,000,000 | |
Notes Payable | 18,000,000 | |
Common Stock | 17,000,000 | |
Retained Earnings | 8,000,000 | |
Sales Revenue | 30,000,000 | |
Cost of Goods Sold | 20,000,000 | |
Salaries Expense | 6,000,000 | |
Rent Expense | 2,500,000 |
Prepare the adjusted trial balance for Microsoft Corporation as of December 31, 2023.
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