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Given the following information, prepare a trial balance for Abbott Laboratories as of December 31, 2024: Account Debit ($) Credit ($) Cash $410,000,000 Accounts Receivable
Given the following information, prepare a trial balance for Abbott Laboratories as of December 31, 2024:
Account | Debit ($) | Credit ($) |
Cash | $410,000,000 | |
Accounts Receivable | $415,000,000 | |
Inventory | $370,000,000 | |
Equipment | $1,480,000,000 | |
Accumulated Depreciation | $710,000,000 | |
Accounts Payable | $660,000,000 | |
Notes Payable | $1,400,000,000 | |
Common Stock | $1,700,000,000 | |
Retained Earnings | $743,000,000 | |
Sales Revenue | $1,800,000,000 | |
Cost of Goods Sold | $900,000,000 | |
Operating Expenses | $670,000,000 |
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