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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
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$41,200.
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$27,000.
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$105,000.
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$89,600.
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$394,600.
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