Debit Credit Accounts receivable Building and equipment Cash Interest receivable Inventory Land $ 710 920 39...

 

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Debit Credit Accounts receivable Building and equipment Cash Interest receivable Inventory Land $ 710 920 39 30 16 150 Notes receivable (long-term) 450 Prepaid rent 20 Supplies Trademark Accounts payable Accumulated depreciation 8 40 40 Additional paid-in capital $ 560 80 485 Dividends payable Common stock (at par) Income tax payable Notes payable (long-term) Retained earnings Deferred revenue TOTALS 30 15 65 800 308 40 $2,383 $ 2,383 What would Symphony report as current liabilities? Debit Credit Accounts receivable Building and equipment Cash Interest receivable Inventory Land $ 710 920 39 30 16 150 Notes receivable (long-term) 450 Prepaid rent 20 Supplies Trademark Accounts payable Accumulated depreciation 8 40 40 Additional paid-in capital $ 560 80 485 Dividends payable Common stock (at par) Income tax payable Notes payable (long-term) Retained earnings Deferred revenue TOTALS 30 15 65 800 308 40 $2,383 $ 2,383 What would Symphony report as current liabilities?

Answer rating: 100% (QA)

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