Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Given the following information, prepare a trial balance for The Home Depot, Inc. as of December 31, 2023: Account Debit ($) Credit ($) Cash $40,000,000

Given the following information, prepare a trial balance for The Home Depot, Inc. as of December 31, 2023:

Account

Debit ($)

Credit ($)

Cash

$40,000,000


Accounts Receivable

$45,000,000


Inventory

$30,000,000


Equipment

$120,000,000


Accumulated Depreciation


$50,000,000

Accounts Payable


$35,000,000

Notes Payable


$100,000,000

Common Stock


$110,000,000

Retained Earnings


$73,000,000

Sales Revenue


$150,000,000

Cost of Goods Sold

$75,000,000


Operating Expenses

$35,000,000


Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Fundamental accounting principle

Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta

21st edition

1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587

Students also viewed these Accounting questions