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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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