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Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable 662 Building and equipment 928
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable 662 Building and equipment 928 Cash 43 Interest receivable 31 Inventory 29 Land 152 Notes receivable (long-term) 493 Prepaid rent 37 Supplies 11 Trademark 60 Accounts payable 605 Accumulated depreciation Additional paid-in capital 75 478 Dividends payable Common stock (at par) Income tax payable 30 10 61 Notes payable (long-term) Retained earnings Deferred revenue 864 302 21 TOTALS 2,446 2,446 What is the amount of working capital for Symphony? What is the amount of working capital for Symphony? Multiple Choice $65 millions. $96 millions. $86 millions. $111 millions
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