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Given the following information, prepare a trial balance for JPMorgan Chase & Co. as of December 30, 2024: Account Debit ($) Credit ($) Cash $290,000,000

Given the following information, prepare a trial balance for JPMorgan Chase & Co. as of December 30, 2024:

Account

Debit ($)

Credit ($)

Cash

$290,000,000


Accounts Receivable

$295,000,000


Inventory

$270,000,000


Equipment

$1,050,000,000


Accumulated Depreciation


$500,000,000

Accounts Payable


$450,000,000

Notes Payable


$970,000,000

Common Stock


$1,250,000,000

Retained Earnings


$533,000,000

Sales Revenue


$1,150,000,000

Cost of Goods Sold

$635,000,000


Operating Expenses

$455,000,000


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