Walmart Inc.

Unadjusted Trial Balance as at 30 June 2024

	Debit ($)	Credit ($)
Cash	70,000
Accounts Receivable	80,000
Inventory	90,000
Equipment	500,000
Accumulated Depreciation - Equipment		100,000
Accounts Payable		60,000
Notes Payable		90,000
Common Stock		350,000
Retained Earnings		100,000
Sales Revenue		600,000
Cost of Goods Sold	400,000
Rent Expense	50,000
Salaries Expense	70,000
Total	1,410,000	1,410,000

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.