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isted below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable $ 667 Building and equipment
isted below are year-end account balances ($ in millions) taken from the records of Symphony Stores.
Debit | Credit | |
---|---|---|
Accounts receivable | $ 667 | |
Building and equipment | 934 | |
Cash | 45 | |
Interest receivable | 35 | |
Inventory | 32 | |
Land | 154 | |
Notes receivable (long-term) | 464 | |
Prepaid rent | 21 | |
Supplies | 12 | |
Trademark | 41 | |
Accounts payable | $ 631 | |
Accumulated depreciation | 60 | |
Additional paid-in capital | 480 | |
Dividends payable | 24 | |
Common stock (at par) | 15 | |
Income tax payable | 57 | |
Notes payable (long-term) | 820 | |
Retained earnings | 289 | |
Deferred revenue | 29 | |
TOTALS | $ 2,405 | $ 2,405 |
What would Symphony report as total current assets?
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