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Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Credit Debit 663 937 Accounts receivable Building and equipment
Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Credit Debit 663 937 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 50 30 26 157 462 31 10 47 612 72 468 25 10 55 840 299 32 TOTALS 2,413 2,413 What would Symphony report as total assets? Multiple Choice $2,350 millions. $2,341 millions O $2,422 millions $1.485 millions
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