Question
Janson Corporation Co.'s trial balance included the following account balances at December 31, 2021: Janson Corporation Co.'s trial balance included the following account balances at
Janson Corporation Co.'s trial balance included the following account balances at December 31, 2021:
Janson Corporation Co.'s trial balance included the following account balances at December 31, 2021:
Accounts receivable $12,300
Inventory $40,000
Patent $13,000
Investments 31,000
Prepaid Insurance $6,900
Notes receivable, due 2024 $51,200
Investments consist of treasury bills that were purchased in November, 2021, and mature in January, 2022. The balance of prepaid insurance represents coverage over the next two years. What amount should be included in the current assets section of Jansons December 31, 2021, balance sheet?
Multiple Choice $138,850. $55,750 $87,650 $91,100
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