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Use the information in the adjusted trial balance presented below to calculate current assets for Taron Company, Inc.: Account Title Dr. Cr. Cash 23,000 Accounts

  1. Use the information in the adjusted trial balance presented below to calculate current assets for Taron Company, Inc.:
    Account Title Dr. Cr.
    Cash 23,000
    Accounts receivable 16,000
    Prepaid insurance 6,600
    Equipment 100,000
    Accumulated DepreciationEquipment 50,000
    Land 95,000
    Accounts payable 17,000
    Interest payable 2,400
    Unearned revenue 5,000
    Long-term notes payable 30,000
    Common stock 1,000
    Retained Earnings 135,200
    Totals 240,600 240,600
    $21,200.
    $45,600.
    $24,400.
    $95,600.
    $41,200.

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