Given the following information, prepare a trial balance for Merck & Co., Inc. as of December 31,
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Question:
Given the following information, prepare a trial balance for Merck & Co., Inc. as of December 31, 2024:
Account | Debit ($) | Credit ($) |
Cash | $260,000,000 | |
Accounts Receivable | $265,000,000 | |
Inventory | $240,000,000 | |
Equipment | $960,000,000 | |
Accumulated Depreciation | $450,000,000 | |
Accounts Payable | $400,000,000 | |
Notes Payable | $880,000,000 | |
Common Stock | $1,050,000,000 | |
Retained Earnings | $483,000,000 | |
Sales Revenue | $1,150,000,000 | |
Cost of Goods Sold | $575,000,000 | |
Operating Expenses | $410,000,000 |
Posted Date: