Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Given the following information, prepare a trial balance for Instacart Inc. as of December 31, 2024: Account Debit ($) Credit ($) Cash $570,789,000 Accounts Receivable
Given the following information, prepare a trial balance for Instacart Inc. as of December 31, 2024:
Account | Debit ($) | Credit ($) |
Cash | $570,789,000 | |
Accounts Receivable | $575,000,000 | |
Inventory | $530,654,000 | |
Equipment | $2,120,123,000 | |
Accumulated Depreciation | $1,030,000,000 | |
Accounts Payable | $980,000,000 | |
Notes Payable | $2,040,852,000 | |
Common Stock | $2,500,000,000 | |
Retained Earnings | $1,063,339,000 | |
Sales Revenue | $2,600,000,000 | |
Cost of Goods Sold | $1,300,000,000 | |
Operating Expenses | $990,000,000 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started