The following information provides year end balances for Sacks Company Debit Credit Accounts receivable 662 Building and equipment 940 Cash 51 Interest receivable 48 Inventory 17 Land 150 Notes receivable (long term) 467 Prepaid rent 22 Supplies 10 Trademark 41 Accounts payable 586 Accumulated depr...

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The following information provides year-end balances for Sacks Company. Debit Credit Accounts receivable 662 Building and equipment

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The following information provides year-end balances for Sacks Company.

	Debit	Credit
Accounts receivable	662
Building and equipment	940
Cash	51
Interest receivable	48
Inventory	17
Land	150
Notes receivable (long-term)	467
Prepaid rent	22
Supplies	10
Trademark	41
Accounts payable		586
Accumulated depreciation		79
Additional paid-in capital		478
Dividends payable		20
Common stock (at par)		15
Income tax payable		46
Notes payable (long-term)		846
Retained earnings		298
Deferred revenue		40
TOTALS	2,408	2,408

What would Symphony report as total assets?

rev: 09_26_2019_QC_CS-182332

Multiple Choice

$1,467.
$2,338.
$2,329.
$2,417.

Posted Date: May 31, 2024 01:09 AM

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The following information provides year-end balances for Sacks Company. Debit Credit Accounts receivable 662 Building and equipment

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