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Nike, Inc.'s trial balance as of December 31, 2023, is as follows: Account Debit ($) Credit ($) Cash 80,000 Accounts Receivable 150,000 Inventory 100,000 Equipment

Nike, Inc.'s trial balance as of December 31, 2023, is as follows:

Account

Debit ($)

Credit ($)

Cash

80,000


Accounts Receivable

150,000


Inventory

100,000


Equipment

500,000


Accumulated Depreciation


150,000

Accounts Payable


90,000

Notes Payable


200,000

Common Stock


300,000

Retained Earnings


190,000

Sales Revenue


700,000

Cost of Goods Sold

400,000


Salaries Expense

80,000


Rent Expense

30,000


Prepare the adjusted trial balance for Nike, Inc. as of December 31, 2023.

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