Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018: ...
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Accounting
Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018:
Accounts receivable
$12,900
Inventories
40,000
Patent
13,800
Investments
31,600
Prepaid insurance
7,500
Note receivable, due 2021
50,800
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
$ 56,650.
$ 139,050.
$ 88,250.
$ 92,000.
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