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Janson Corporation Co.'s trial balance included the following account balances at December 31, 2021: Accounts receivable Inventory $12,000 40,000 Patent 12,000 Investments 30,000 Prepaid
Janson Corporation Co.'s trial balance included the following account balances at December 31, 2021: Accounts receivable Inventory $12,000 40,000 Patent 12,000 Investments 30,000 Prepaid insurance 6,000 Notes receivable, due 2024 50,000 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 Janson's December 31, 2021, balance sheet? Multiple Choice
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