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Business, 14.11.2019 02:31 sassycutie523

Listed below are account balances (in $millions) taken from the records of symphony stores. all of these are permanent accounts, except the last two that have yet to be closed. the installment receivables are current. symphony uses a perpetual inventory system. debit credit
accounts receivable-trade 680building and equipment 920cash-checking 34installment receivable 50interest receivable 30inventory 16land 150notes receivable long-term 450petty cash funds 5prepaid expenses (for coming year) 20supplies 8trademark 40accounts payable-trade 560accumulated depreciation 80additional paid-in capital, common 485alowance for uncollectivle accounts 20cash dividends payable 30common stock, at par 15income tax payable 65notes payable (long-term) 800retained earnings 48unearned revenues 40cash dividends declared-common 120income summary 380totals 2,523 2,523what would symphony report as total current assets? total assets, total liabilities, total equity (hint: don%u2019t forget the contra assets.)

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