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TB MC Qu. 3-50 (Algo) Listed below are year-end account balances... * 41 nces Listed below are year-end account balances ($ in millions) taken from

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TB MC Qu. 3-50 (Algo) Listed below are year-end account balances... * 41 nces Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable 667 Building and equipment 935 Cash 54 Interest receivable Inventory 35 Land 169 Notes receivable (long-term) 452 Prepaid rent 36 Supplies 10 Trademark 54 Accounts payable 600 Accumulated depreciation 71 Additional paid-in capital 478 Dividends payable 29 Common stock (at par) 13 Income tax payable 55 Notes payable (long-term) 898 Retained earnings 285 Deferred revenue 24 TOTALS 2,453 2,453 Mc Graw Hill

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