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The Home Depot, Inc.'s trial balance as of December 31, 2023, is as follows: Account Debit ($) Credit ($) Cash 2,500,000 Accounts Receivable 5,000,000 Inventory
The Home Depot, Inc.'s trial balance as of December 31, 2023, is as follows:
Account | Debit ($) | Credit ($) |
Cash | 2,500,000 | |
Accounts Receivable | 5,000,000 | |
Inventory | 4,000,000 | |
Equipment | 16,000,000 | |
Accumulated Depreciation | 10,000,000 | |
Accounts Payable | 6,000,000 | |
Notes Payable | 16,000,000 | |
Common Stock | 15,000,000 | |
Retained Earnings | 7,000,000 | |
Sales Revenue | 28,000,000 | |
Cost of Goods Sold | 18,000,000 | |
Salaries Expense | 5,000,000 | |
Rent Expense | 2,200,000 |
Prepare the adjusted trial balance for The Home Depot, Inc. as of December 31, 2023.
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