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Janson Corporation Co.'s trial balance included the following account balances at December 31, 2021: Accounts receivable Inventory Patent Investments Prepaid insurance Notes receivable, due 2024
Janson Corporation Co.'s trial balance included the following account balances at December 31, 2021: Accounts receivable Inventory Patent Investments Prepaid insurance Notes receivable, due 2024 $ 12,000 10,000 2,000 30,000 6,000 50,000 Investments consist of treasury bills that were purchased in November 30th, 2021, and mature in January 15th, 2022. Prepaid insurance is for two years. What amount should be included in the current assets section of Janson's December 31, 2021, balance sheet? $135,000. $55,000 $85,000. $88,000
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