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Nike, Inc.'s trial balance as of December 31, 2023, is as follows: Account Debit ($) Credit ($) Cash 1,400,000 Accounts Receivable 2,500,000 Inventory 1,800,000 Equipment

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

Account

Debit ($)

Credit ($)

Cash

1,400,000


Accounts Receivable

2,500,000


Inventory

1,800,000


Equipment

10,000,000


Accumulated Depreciation


5,500,000

Accounts Payable


2,500,000

Notes Payable


10,000,000

Common Stock


9,500,000

Retained Earnings


3,500,000

Sales Revenue


16,000,000

Cost of Goods Sold

11,000,000


Salaries Expense

2,500,000


Rent Expense

900,000


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

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