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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 693 Building and equipment 933 Cash-checking
Listed below are year-end account balances (in $millions) taken from the records of Symphony Stores.
Debit | Credit | |
Accounts receivable-trade | 693 | |
Building and equipment | 933 | |
Cash-checking | 47 | |
Interest receivable | 45 | |
Inventory | 21 | |
Land | 160 | |
Notes receivable (long-term) | 468 | |
Petty cash fund | 7 | |
Prepaid rent | 20 | |
Supplies | 13 | |
Trademark | 52 | |
Accounts payable-trade | 618 | |
Accumulated depreciation | 69 | |
Additional paid-in capital | 466 | |
Allowance for uncollectible accounts | 20 | |
Cash dividends payable | 21 | |
Common stock, at par | 12 | |
Income tax payable | 63 | |
Notes payable (long-term) | 861 | |
Retained earnings | 300 | |
Deferred revenues | 29 | |
TOTALS | 2,459 | 2,459 |
$1,634 millions. $846 millions. $839 millions. $826 millions.
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