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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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