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Given the following information, prepare a trial balance for Lockheed Martin Corporation as of December 31, 2024: Account Debit ($) Credit ($) Cash $400,300,000 Accounts

Given the following information, prepare a trial balance for Lockheed Martin Corporation as of December 31, 2024:

Account

Debit ($)

Credit ($)

Cash

$400,300,000


Accounts Receivable

$405,000,000


Inventory

$360,040,000


Equipment

$1,440,000,000


Accumulated Depreciation


$690,000,000

Accounts Payable


$640,000,000

Notes Payable


$1,360,050,000

Common Stock


$1,650,000,000

Retained Earnings


$723,050,000

Sales Revenue


$1,750,000,000

Cost of Goods Sold

$875,080,000


Operating Expenses

$650,050,000


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