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a. 2338 million b. 2323 million c. 2318 million d 2303 million Listed below are year-end account balances (s in millions) taken from the records
a. 2338 million
Listed below are year-end account balances (s in millions) taken from the records of Symphony Stores, Debit Credit Accounts receivable-trade 730 Building and equipment 920 Cash-checking 34 Interest receivable 30 Inventory 16 Land 150 Notes receivable (long-term) 450 Petty cash fund 5 Prepaid rent 20 Supplies 8 Trademark 40 Accounts payable-trade 560 Accumulated depreciation 80 Additional paid in capital Allowance for uncollectible accounts 20 Cash dividends payable 30 Common stock, at par 15 Income tax payable 65 Notes payable (long-term) Retained earnings 308 Deferred revenues ********** TOTALS 2,403 What would Symphony report as total assets b. 2323 million
c. 2318 million
d 2303 million
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