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

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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?

A. $1,520 millions

B. $2,385 millions

C. $2,461 millions

D. $2,376 millions

business accounting

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Answer 1

Answer #1

$ 679 Total Assets ( 8 in millions) Accounts Receivable Building and equipment 5 122 hess :Accumulated depreciation (7) Cash

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Answer 2

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