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Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable 661 Building and equipment 924
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores.
Debit | Credit | |||
Accounts receivable | 661 | |||
Building and equipment | 924 | |||
Cash | 51 | |||
Interest receivable | 45 | |||
Inventory | 32 | |||
Land | 159 | |||
Notes receivable (long-term) | 472 | |||
Prepaid rent | 20 | |||
Supplies | 12 | |||
Trademark | 54 | |||
Accounts payable | 635 | |||
Accumulated depreciation | 64 | |||
Additional paid-in capital | 482 | |||
Dividends payable | 23 | |||
Common stock (at par) | 11 | |||
Income tax payable | 58 | |||
Notes payable (long-term) | 810 | |||
Retained earnings | 318 | |||
Deferred revenue | 21 | |||
TOTALS | 2,439 | 2,439 | ||
What would Symphony report as total current assets?
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