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Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable-trade 716 Building and equipment 923
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores.
Debit | Credit | |||
Accounts receivable-trade | 716 | |||
Building and equipment | 923 | |||
Cash-checking | 38 | |||
Interest receivable | 33 | |||
Inventory | 27 | |||
Land | 164 | |||
Notes receivable (long-term) | 464 | |||
Petty cash funds | 6 | |||
Prepaid rent | 27 | |||
Supplies | 12 | |||
Trademark | 47 | |||
Accounts payable-trade | 581 | |||
Accumulated depreciation | 69 | |||
Additional paid-in capital | 473 | |||
Allowance for uncollectible accounts | 16 | |||
Cash dividends payable | 28 | |||
Common stock, at par | 13 | |||
Income tax payable | 61 | |||
Notes payable (long-term) | 884 | |||
Retained earnings | 303 | |||
Deferred revenues | 29 | |||
TOTALS | 2,457 | 2,457 | ||
What is the amount of working capital for Symphony?
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