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Given the following information, prepare a trial balance for Verizon Communications Inc. as of December 31, 2023: Account Debit ($) Credit ($) Cash $45,000,000 Accounts

Given the following information, prepare a trial balance for Verizon Communications Inc. as of December 31, 2023:

Account

Debit ($)

Credit ($)

Cash

$45,000,000


Accounts Receivable

$50,000,000


Inventory

$35,000,000


Equipment

$140,000,000


Accumulated Depreciation


$55,000,000

Accounts Payable


$40,000,000

Notes Payable


$120,000,000

Common Stock


$130,000,000

Retained Earnings


$83,000,000

Sales Revenue


$170,000,000

Cost of Goods Sold

$85,000,000


Operating Expenses

$40,000,000


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