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Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable 678 Building and equipment 930
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores.
Debit | Credit | |||
Accounts receivable | 678 | |||
Building and equipment | 930 | |||
Cash | 45 | |||
Interest receivable | 31 | |||
Inventory | 25 | |||
Land | 152 | |||
Notes receivable (long-term) | 493 | |||
Prepaid rent | 29 | |||
Supplies | 10 | |||
Trademark | 53 | |||
Accounts payable | 658 | |||
Accumulated depreciation | 78 | |||
Additional paid-in capital | 479 | |||
Dividends payable | 22 | |||
Common stock (at par) | 14 | |||
Income tax payable | 61 | |||
Notes payable (long-term) | 809 | |||
Retained earnings | 288 | |||
Deferred revenue | 37 | |||
TOTALS | 2,446 | 2,446 | ||
What would Symphony report as total assets?
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