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Given the following information, prepare a trial balance for General Electric Company as of December 29, 2023: Account Debit ($) Credit ($) Cash $38,000,000 Accounts
Given the following information, prepare a trial balance for General Electric Company as of December 29, 2023:
Account | Debit ($) | Credit ($) |
Cash | $38,000,000 | |
Accounts Receivable | $43,000,000 | |
Inventory | $28,000,000 | |
Equipment | $110,000,000 | |
Accumulated Depreciation | $48,000,000 | |
Accounts Payable | $33,000,000 | |
Notes Payable | $83,000,000 | |
Common Stock | $92,000,000 | |
Retained Earnings | $65,000,000 | |
Sales Revenue | $140,000,000 | |
Cost of Goods Sold | $62,000,000 | |
Operating Expenses | $34,000,000 |
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