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Given the following information, prepare a trial balance for Verizon Communications Inc. as of December 30, 2023: Account Debit ($) Credit ($) Cash $44,000,000 Accounts
Given the following information, prepare a trial balance for Verizon Communications Inc. as of December 30, 2023:
Account | Debit ($) | Credit ($) |
Cash | $44,000,000 | |
Accounts Receivable | $52,000,000 | |
Inventory | $36,000,000 | |
Equipment | $160,000,000 | |
Accumulated Depreciation | $56,000,000 | |
Accounts Payable | $42,000,000 | |
Notes Payable | $140,000,000 | |
Common Stock | $12,000,000 | |
Retained Earnings | $85,000,000 | |
Sales Revenue | $180,000,000 | |
Cost of Goods Sold | $87,000,000 | |
Operating Expenses | $42,000,000 |
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