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3 Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable 673 Building and equipment
3 Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable 673 Building and equipment 935 Cash 50 Interest receivable 30 Inventory 27 Land 159 Notes receivable (long-term) 455 Prepaid rent 20 Supplies 11 Trademark 56 Accounts payable 578 Accumulated depreciation 67 Additional paid-in capital 479 Dividends payable 29 Common stock (at par) Income tax payable 57 Notes payable (long-term) 879 Retained earnings 285 Deferred revenue 31 TOTALS 2,416 2,416 11 What is the amount of working capital for Symphony? What is the amount of working capital for Symphony? Multiple Choice $105 millions. $86 millions. $131 millions. $116 millions
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