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Given the following information, prepare a trial balance for JPMorgan Chase & Co. as of December 31, 2024: Account Debit ($) Credit ($) Cash $370,000,000
Given the following information, prepare a trial balance for JPMorgan Chase & Co. as of December 31, 2024:
Account | Debit ($) | Credit ($) |
Cash | $370,000,000 | |
Accounts Receivable | $375,000,000 | |
Inventory | $330,000,000 | |
Equipment | $1,320,000,000 | |
Accumulated Depreciation | $630,000,000 | |
Accounts Payable | $580,000,000 | |
Notes Payable | $1,240,000,000 | |
Common Stock | $1,500,000,000 | |
Retained Earnings | $663,000,000 | |
Sales Revenue | $1,600,000,000 | |
Cost of Goods Sold | $800,000,000 | |
Operating Expenses | $590,000,000 |
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