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Given the following information, prepare a trial balance for Tesla, Inc. as of December 31, 2023: Account Debit ($) Credit ($) Cash $25,000,000 Accounts Receivable
Given the following information, prepare a trial balance for Tesla, Inc. as of December 31, 2023:
Account | Debit ($) | Credit ($) |
Cash | $25,000,000 | |
Accounts Receivable | $30,000,000 | |
Inventory | $20,000,000 | |
Equipment | $80,000,000 | |
Accumulated Depreciation | $35,000,000 | |
Accounts Payable | $22,000,000 | |
Notes Payable | $60,000,000 | |
Common Stock | $75,000,000 | |
Retained Earnings | $53,000,000 | |
Sales Revenue | $100,000,000 | |
Cost of Goods Sold | $50,000,000 | |
Operating Expenses | $25,000,000 |
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