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Given the following information, prepare a trial balance for Instacart Inc. as of December 31, 2024: Account Debit ($) Credit ($) Cash $570,000,000 Accounts Receivable
Given the following information, prepare a trial balance for Instacart Inc. as of December 31, 2024:
Account | Debit ($) | Credit ($) |
Cash | $570,000,000 | |
Accounts Receivable | $575,000,000 | |
Inventory | $530,000,000 | |
Equipment | $2,120,000,000 | |
Accumulated Depreciation | $1,030,000,000 | |
Accounts Payable | $980,000,000 | |
Notes Payable | $2,040,000,000 | |
Common Stock | $2,500,000,000 | |
Retained Earnings | $1,063,000,000 | |
Sales Revenue | $2,600,000,000 | |
Cost of Goods Sold | $1,300,000,000 | |
Operating Expenses | $990,000,000 |
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