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Nike, Inc.'s trial balance as of December 31, 2023, is as follows: Account Debit ($) Credit ($) Cash 90,000 Accounts Receivable 200,000 Inventory 200,000 Equipment

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

Account

Debit ($)

Credit ($)

Cash

90,000


Accounts Receivable

200,000


Inventory

200,000


Equipment

600,000


Accumulated Depreciation


200,000

Accounts Payable


95,000

Notes Payable


250,000

Common Stock


400,000

Retained Earnings


200,000

Sales Revenue


800,000

Cost of Goods Sold

500,000


Salaries Expense

90,000


Rent Expense

40,000


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

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