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Listed below are year-end account balances ($ In millions) taken from the records of Symphony Stores. Credit Debit 676 929 49 48 27 151 493
Listed below are year-end account balances ($ In millions) taken from the records of Symphony Stores. Credit Debit 676 929 49 48 27 151 493 25 10 57 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 659 65 477 25 11 48 819 329 32 2,465 2,465 What would Symphony report as total assets? Multiple Choice O $1,564 millions. $2.405 millions $2.470 millions $2.400 millions
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