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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 924
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable 667 Building and equipment 924 Cash 52 Interest receivable 46 Inventory 34 Land 168 Notes receivable (long-term) 474 Prepaid rent 33 Supplies 11 Trademark 49 Accounts payable 595 Accumulated depreciation 78 Additional paid-in capital 473 Dividends payable 29 Common stock (at par) 12 Income tax payable 52 Notes payable (long-term) 894 Retained earnings 291 Deferred revenue TOTALS 34 2,458 2,458 What is the amount of working capital for Symphony? Multiple Choice $121 millions. $148 millions. $87 millions. $133 millions
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