Question: . Given the following information, prepare a trial balance for Goldman Sachs Group Inc. as of December 31, 2024: Account Debit ($) Credit ($) Cash
.
Given the following information, prepare a trial balance for Goldman Sachs Group Inc. as of December 31, 2024:
Account | Debit ($) | Credit ($) |
Cash | $160,000,000 | |
Accounts Receivable | $165,000,000 | |
Inventory | $140,000,000 | |
Equipment | $560,000,000 | |
Accumulated Depreciation | $250,000,000 | |
Accounts Payable | $200,000,000 | |
Notes Payable | $480,000,000 | |
Common Stock | $550,000,000 | |
Retained Earnings | $283,000,000 | |
Sales Revenue | $650,000,000 | |
Cost of Goods Sold | $325,000,000 | |
Operating Expenses | $210,000,000 |
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
