Question: Listed below are year - end account balances ( in $millions ) taken from the records of Symphony Stores. Debit Credit Accounts receivable trade 7
Listed below are yearend account balances in $millions taken from the records of Symphony Stores.
Debit
Credit
Accounts receivabletrade
Building and equipment
Cashchecking
Interest receivable
Inventory
Land
Notes receivable longterm
Petty cash fund
Prepaid rent
Supplies
Trademark
Accounts payabletrade
Accumulated depreciation
Additional paidin capital
Allowance for uncollectible accounts
Cash dividends payable
Common stock, at par
Income tax payable
Notes payable longterm
Retained earnings
Deferred revenues
TOTALS
What would Symphony report as total current assets?
a $
b $
c $
d $
What would Symphony report as total assets?
a $
b $
c $
d $
What would Symphony report as total shareholders' equity?
a $
b $
c $
d $
What is the amount of working capital for Symphony?
a $
b $
c $
d $
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