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Given the following information, prepare a trial balance for General Electric Company as of December 31, 2024: Account Debit ($) Credit ($) Cash $230,000,000 Accounts
Given the following information, prepare a trial balance for General Electric Company as of December 31, 2024:
Account | Debit ($) | Credit ($) |
Cash | $230,000,000 | |
Accounts Receivable | $235,000,000 | |
Inventory | $210,000,000 | |
Equipment | $540,000,000 | |
Accumulated Depreciation | $290,000,000 | |
Accounts Payable | $260,000,000 | |
Notes Payable | $500,000,000 | |
Common Stock | $550,000,000 | |
Retained Earnings | $343,000,000 | |
Sales Revenue | $650,000,000 | |
Cost of Goods Sold | $375,000,000 | |
Operating Expenses | $270,000,000 |
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