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Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable 663 Building and equipment 935
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores.
Debit | Credit | |||
Accounts receivable | 663 | |||
Building and equipment | 935 | |||
Cash | 57 | |||
Interest receivable | 42 | |||
Inventory | 19 | |||
Land | 156 | |||
Notes receivable (long-term) | 473 | |||
Prepaid rent | 33 | |||
Supplies | 8 | |||
Trademark | 47 | |||
Accounts payable | 582 | |||
Accumulated depreciation | 69 | |||
Additional paid-in capital | 468 | |||
Dividends payable | 27 | |||
Common stock (at par) | 18 | |||
Income tax payable | 57 | |||
Notes payable (long-term) | 868 | |||
Retained earnings | 316 | |||
Deferred revenue | 28 | |||
TOTALS | 2,433 | 2,433 | ||
What would Symphony report as total current assets?
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