Tesla Inc.

Unadjusted Trial Balance as at 30 June 2024

	Debit ($)	Credit ($)
Cash	45,000
Accounts Receivable	55,000
Inventory	65,000
Machinery	350,000
Accumulated Depreciation - Machinery		90,000
Accounts Payable		35,000
Notes Payable		85,000
Common Stock		250,000
Retained Earnings		100,000
Sales Revenue		350,000
Cost of Goods Sold	220,000
Rent Expense	25,000
Salaries Expense	40,000
Total	800,000	800,000

Required:

1. Prepare the Ledger Accounts for the above unadjusted trial balance.
2. Calculate the Adjusted Trial Balance.
3. Prepare the Income Statement for the period ended 30 June 2024.