Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Given the following information, prepare a trial balance for Pfizer Inc. as of December 31, 2024: Account Debit ($) Credit ($) Cash $240,000,000 Accounts Receivable

Given the following information, prepare a trial balance for Pfizer Inc. as of December 31, 2024:

Account

Debit ($)

Credit ($)

Cash

$240,000,000


Accounts Receivable

$245,000,000


Inventory

$220,000,000


Equipment

$880,000,000


Accumulated Depreciation


$410,000,000

Accounts Payable


$360,000,000

Notes Payable


$800,000,000

Common Stock


$950,000,000

Retained Earnings


$443,000,000

Sales Revenue


$1,050,000,000

Cost of Goods Sold

$525,000,000


Operating Expenses

$370,000,000


Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting The Cornerstone of Business Decision Making

Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

7th edition

978-1337116008, 1337116009, 1337115770, 978-1337516150, 1337516155, 978-1337115773

More Books

Students also viewed these Accounting questions

Question

How did the plague contribute to the Renaissance?

Answered: 1 week ago