Question
Janson Corporation Co.'s trial balance included the following account balances at December 31, 2021: Accounts receivable $12,900 Inventory 41,000 Patent 12,500 Investments 31,400 Prepaid insurance
Janson Corporation Co.'s trial balance included the following account balances at December 31, 2021: Accounts receivable $12,900 Inventory 41,000 Patent 12,500 Investments 31,400 Prepaid insurance 6,500 Notes receivable, due 2024 50,200 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? rev: 10_10_2020_QC_CS-234065 Multiple Choice $138,750. $91,800. $88,550. $57,150.
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