Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

. Given the following information, prepare a trial balance for Tesla, Inc. as of December 31, 2024: Account Debit ($) Credit ($) Cash $100,000,000 Accounts

.

Given the following information, prepare a trial balance for Tesla, Inc. as of December 31, 2024:

Account

Debit ($)

Credit ($)

Cash

$100,000,000


Accounts Receivable

$105,000,000


Inventory

$80,000,000


Equipment

$320,000,000


Accumulated Depreciation


$130,000,000

Accounts Payable


$100,000,000

Notes Payable


$280,000,000

Common Stock


$300,000,000

Retained Earnings


$183,000,000

Sales Revenue


$400,000,000

Cost of Goods Sold

$200,000,000


Operating Expenses

$110,000,000


Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting The Cornerstone of Business Decision Making

Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

7th edition

978-1337116008, 1337116009, 1337115770, 978-1337516150, 1337516155, 978-1337115773

More Books

Students also viewed these Accounting questions

Question

Explain the similarities and differences between NPV, PI, and EVA.

Answered: 1 week ago

Question

Draw a picture consisting parts of monocot leaf

Answered: 1 week ago