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Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018: Accounts receivable $12,700 Inventories 42,000 Patent 12,500 Investments 30,700 Prepaid insurance

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

Accounts receivable $12,700
Inventories 42,000
Patent 12,500
Investments 30,700
Prepaid insurance 6,700
Note receivable, due 2021 51,800

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

  • $ 140,550.

  • $ 92,100.

  • $ 88,750.

  • $ 58,050.

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