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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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