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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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