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Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. What would Symphony report as total assets? Credit Debit

Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores.

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What would Symphony report as total assets?

Credit Debit 678 922 Accounts receivable Building and equipment Cash Interest receivable Inventory Land Notes receivable (long-term) Prepaid rent Supplies Trademark Accounts payable Accumulated depreciation Additional paid-in capital Dividends payable Common stock (at par) Income tax payable Notes payable (long-term) Retained earnings Deferred revenue TOTALS 705 64 481 14 798 292 29 2,458 2,458

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