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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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