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Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable 667 Building and equipment 923
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores.
Debit | Credit | |||
Accounts receivable | 667 | |||
Building and equipment | 923 | |||
Cash | 41 | |||
Interest receivable | 39 | |||
Inventory | 23 | |||
Land | 168 | |||
Notes receivable (long-term) | 498 | |||
Prepaid rent | 25 | |||
Supplies | 12 | |||
Trademark | 57 | |||
Accounts payable | 688 | |||
Accumulated depreciation | 79 | |||
Additional paid-in capital | 483 | |||
Dividends payable | 21 | |||
Common stock (at par) | 11 | |||
Income tax payable | 48 | |||
Notes payable (long-term) | 814 | |||
Retained earnings | 286 | |||
Deferred revenue | 23 | |||
TOTALS | 2,453 | 2,453 | ||
What would Symphony report as total shareholders' equity?
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