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Use the information in the adjusted trial balance presented below to calculate current assets for Taron Company: Account Title Dr. Cr. Cash $ 53,000 Accounts

Use the information in the adjusted trial balance presented below to calculate current assets for Taron Company:

Account Title Dr. Cr.
Cash $ 53,000
Accounts receivable 26,000
Prepaid insurance 10,600
Equipment 200,000
Accumulated depreciationEquipment $ 100,000
Land 105,000
Accounts payable 27,000
Interest payable 4,900
Unearned revenue 8,000
Long-term notes payable 60,000
Retained earnings 194,700
Totals $ 394,600 $ 394,600

Multiple Choice

  • $41,200.

  • $27,000.

  • $105,000.

  • $89,600.

  • $394,600.

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