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Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018: Accounts receivable $12,900 Inventories 40,000 Patent 13,800 Investments 31,600 Prepaid insurance

Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018:

Accounts receivable $12,900
Inventories 40,000
Patent 13,800
Investments 31,600
Prepaid insurance 7,500
Note receivable, due 2021 50,800

Investments consist of treasury bills that were purchased in November, 2018 and mature in January, 2019. Prepaid insurance is for two years. What amount should be included in the current asset section of Jansons December 31, 2018, balance sheet?

Multiple Choice

  • $ 56,650.

  • $ 139,050.

  • $ 88,250.

  • $ 92,000.

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