Cannot figure out why this trial balance sheet for Apple, Inc. will not balance?
Belkel asked:
I’m using the Annual Report from: http://phx.corporate-ir.net/phoenix.zhtml?c=107357&p=irol-index
It is the 2009 form 10-K/A filed January 25th 2010….
Here’s what I have so far, if anyone could help or take a look to see what I have incorrect, I’d really appreciate it! Thanks!
Apple, Inc.
Septemeber 26, 2009
Trial Balance
Account Debit Credit
Cash and cash equivalents 5,263 debit
Short-term marketable securities 18,201 debit
Accounts receivable 3,361 debit
Inventories 455 debit
Deferred tax asset 1,135 debit
Other current assets 3,140 debit
Long-term marketable securities 10,528 debit
Property, plant and equipment, net 2,954 debit
Goodwill 206 debit
Acquired intangible assets, net 247 debit
Other assets 2,011 debit
Accounts payable 5,601 credit
Accrued expenses 3,852 credit
Deferred revenue 2,053 credit
Deferred revenue- non current 853 credit
Other non current liabilities 3,502 credit
Common stock 8,210 credit
Retained earnings 15,129 credit
Accumulated other comprehensive income/(loss) 77 credit
Net sales 42,509 credit
Cost of sales 25,683 debit
Research and development 1,333 debit
Selling, general and administrative 4,149 debit
Operating income 11,740 credit
Other income and expense 326 credit
Income before provision for income taxes 12,066 debit
Provision for income taxes 3,831 debit
Total 94,563 93,852
Am I missing something or am I crediting or debiting something incorrect? Thanks for you time! 
