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Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable-trade 697 Building and equipment 937

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

Debit

Credit

Accounts receivable-trade

697

Building and equipment

937

Cash-checking

44

Interest receivable

44

Inventory

18

Land

168

Notes receivable (long-term)

472

Petty cash fund

7

Prepaid rent

36

Supplies

10

Trademark

57

Accounts payable-trade

688

Accumulated depreciation

73

Additional paid-in capital

480

Allowance for uncollectible accounts

18

Cash dividends payable

22

Common stock, at par

10

Income tax payable

47

Notes payable (long-term)

803

Retained earnings

313

Deferred revenues

36

TOTALS

2,490

2,490

What would Symphony report as total assets?

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