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Listed below are year-end account balances ($ in millions) taken from the records of Green Grass Stores. Debit Credit Accounts receivable 669 Building and equipment

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

Debit Credit
Accounts receivable 669
Building and equipment 935
Cash 44
Interest receivable 45
Inventory 22
Land 159
Notes receivable (long-term) 475
Prepaid rent 35
Supplies 12
Trademark 52
Accounts payable 677
Accumulated depreciation 79
Additional paid-in capital 480
Dividends payable 21
Common stock (at par) 12
Income tax payable 50
Notes payable (long-term) 800
Retained earnings 300
Deferred revenue 29
TOTALS 2,448 2,448

hat would Green Grass stores report as total assets?

rev: 09_26_2019_QC_CS-182332

Multiple Choice

  • $2,369 millions.

  • $2,453 millions.

  • $1,550 millions.

  • $2,374 millions.

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