Company: Robinhood Markets, Inc. Given the following information, prepare a trial balance for Robinhood Markets, Inc. as
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Company: Robinhood Markets, Inc.
Given the following information, prepare a trial balance for Robinhood Markets, Inc. as of December 31, 2024:
Account | Debit ($) | Credit ($) |
Cash | $510,000,000 | |
Accounts Receivable | $515,000,000 | |
Inventory | $470,000,000 | |
Equipment | $1,880,000,000 | |
Accumulated Depreciation | $910,000,000 | |
Accounts Payable | $860,000,000 | |
Notes Payable | $1,800,000,000 | |
Common Stock | $5,200,000,000 | |
Retained Earnings | $943,000,000 | |
Sales Revenue | $2,300,000,000 | |
Cost of Goods Sold | $1,150,000,000 | |
Operating Expenses | $870,000,000 |
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