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Netflix, Inc.'s trial balance as of December 31, 2023, is as follows: Account Debit ($) Credit ($) Cash 400,000 Accounts Receivable 600,000 Inventory 700,000 Equipment
Netflix, Inc.'s trial balance as of December 31, 2023, is as follows:
Account | Debit ($) | Credit ($) |
Cash | 400,000 | |
Accounts Receivable | 600,000 | |
Inventory | 700,000 | |
Equipment | 3,500,000 | |
Accumulated Depreciation | 1,400,000 | |
Accounts Payable | 600,000 | |
Notes Payable | 2,000,000 | |
Common Stock | 2,200,000 | |
Retained Earnings | 440,000 | |
Sales Revenue | 6,000,000 | |
Cost of Goods Sold | 3,600,000 | |
Salaries Expense | 720,000 | |
Rent Expense | 240,000 |
Prepare the adjusted trial balance for Netflix, Inc. as of December 31, 2023.
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