Question

Preiolus Page age Pag Question 4 (1 point) Listed below are year-end account balances (S in millions) taken from the records of Symphony Stor Debit Credit Accounts receivable-trade Building and equipment 730 920 34 30 16 Cash-checking Interest receivable Inventory Land Notes receivable (long-term) Petty cash fund Prepaid rent Supplies Trademark Accounts payable-trade Accumulated depreciation Additional paid-in capital Allowance for uncollectible accounts Cash dividends payable Common stock, at par Income tax payable Notes payable (long-term) Retained earnings Deferred revenues TOTALS 150 450 20 40 560 80 485 20 30 15 65 800 308 40 403 2.403 What would Symphony report as total assets? $2.338 millions. $2,303 millions 6
Question 5 (1 point) Listed below are year-end account balances (S in millions) taken from the records of Symphony Stores Debit Credit Accounts receivable-trade Building and equipment Cash checking Interest receivable Inventory 730 920 34 30 16 150 450 Notes receivable (long-term) Petty cash fund Prepaid rent Supplies Trademark 20 40 Accounts payable-trade 560 80 485 20 30 15 65 800 Additional paid-in capital Allowance for uncollectible accounts Cash dividends payable Common stock, at par Income tax payable Notes payable (long-term) Retained earnings Deferred revenues 308 40 TOTALS 403 What would Symphony report as total current asscts? $1,696 millions $843 millions 5 8 0 DFGH
0 0
Add a comment Improve this question Transcribed image text
Know the answer?
Add Answer to:
Preiolus Page age Pag Question 4 (1 point) Listed below are year-end account balances (S in...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Listed below are year-end account balances ($ In millions) taken from the records of Symphony Stores....

    Listed below are year-end account balances ($ In millions) taken from the records of Symphony Stores. 27 Debit Credit Accounts receivable 710 Building and equipment 920 Cash 39 3.34 Interest receivable 30 points Inventory 16 Land 150 8 00:59:15 Notes receivable (long-term) 450 Prepaid rent Supplies 20 Trademark 40 Accounts payable Accumulated depreciation Additional paid-in capital Dividends payable Common stock (at par) Income tax payable Notes payable (long-term) 560 80 485 30 15 65 800 Retained earnings 308 Deferred revenue...

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

    Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable-trade 695 Building and equipment 920 Cash-checking 47 Interest receivable 34 Inventory 31 Land 161 Notes receivable (long-term) 479 Petty cash fund 10 Prepaid rent 30 Supplies 9 Trademark 59 Accounts payable-trade 630 Accumulated depreciation 78 Additional paid-in capital 473 Allowance for uncollectible accounts 16 Cash dividends payable 30 Common stock, at par 11 Income tax payable 59 Notes payable (long-term)...

  • Is the correct answer 808 million? Listed below are year-end account balances ($ in millions) taken...

    Is the correct answer 808 million? Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores Debit Credit 710 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 560 80 485 30 800 308 2,383 2,383 What would Symphony report as total...

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

    Listed below are year-end account balances ($ in millions) taken from the records of K-Mart Stores. Debit Credit 710 920 39 30 16 150 450 20 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 40 560 80 485 30 15 65 800 308 40 TOTALS 2,383 2,383 2,383...

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

    1/ Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable-trade 691 Building and equipment 939 Cash-checking 39 Interest receivable 42 Inventory 32 Land 155 Notes receivable (long-term) 493 Petty cash fund 7 Prepaid rent 35 Supplies 9 Trademark 49 Accounts payable-trade 672 Accumulated depreciation 60 Additional paid-in capital 471 Allowance for uncollectible accounts 18 Cash dividends payable 23 Common stock, at par 13 Income tax payable 56 Notes payable...

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

    Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Credit Accounts receivable Building and equipment Cash Inventory Land Notes receivable (long-term) Prepaid rent Supplies Trademark Accounts payable Accumulated depreciation Salaries payable Common stock Income tax payable Notes payable (long-term) Retained earnings Deferred revenue Debit 712 920 48 51 150 450 24 10 40 590 80 21 500 74 800 308 32 Symphony's total current assets would be: (Do not add dollar sign do...

  • Quiz 1 A Saved Listed below are year-end account balances ($ In millions) taken from the...

    Quiz 1 A Saved Listed below are year-end account balances ($ In millions) taken from the records of Symphony Stores. 30 Credit Debit 674 923 42 3.34 points 8 00:24:36 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 644 61 474 20 852 312 2,454 2,454 What...

  • What is the amount of working capital for Symphony? 170 Listed below are year-end account balances...

    What is the amount of working capital for Symphony? 170 Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable 666 Building and equipment 937 Cash 58 Interest receivable 36 Inventory 30 Land Notes receivable (long-term) 465 Prepaid rent Supplies Trademark Accounts payable 616 Accumulated depreciation 60 Additional paid-in capital 474 Dividends payable Common stock (at par) 14 Income tax payable 61 Notes payable (long-term) 872 Retained earnings 288 Deferred...

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

    Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Debit Credit Accounts receivable 679 Building and equipment 922 Cash 50 Interest receivable 34 Inventory 20 Land 161 Notes receivable (long-term) 499 Prepaid rent 37 Supplies 8 Trademark 42 Accounts payable 656 Accumulated depreciation 76 Additional paid-in capital 467 Dividends payable 29 Common stock (at par) 11 Income tax payable 57 Notes payable (long-term) 841 Retained earnings 294 Deferred revenue 21 TOTALS 2,452 2,452...

  • What would Symphony report as total assets? Listed below are year-end account balances ($ in millions)...

    What would Symphony report as total assets? Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores. Credit Debit 666 939 59 34 32 152 488 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 708 63 480 13 54 811 287 27...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT