Covid Resources Student Services Use the information in the adjusted trial balance presented below to calculate total current liabilities for Taron Company: Account Title Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation-Equipment Land Accounts payable (due in 1 week) Interest payable (due in 1 month) Unearned revenue (service to be provided in 2 months) Long-term notes payable Z. Taron, Capital Totals $190.140. Debit $ 23,000 16,000 6,140 100,000 95,000 Credit $50,000 17,000 2,400 5,000 29,540 136,200 $240,140 $ 240,140

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Covid Resources Student Services -
Use the information in the adjusted trial balance presented below to calculate total
current liabilities for Taron Company:
Account Title
Cash
▼
Accounts receivable
Prepaid insurance
Equipment
Accumulated depreciation—Equipment
Land
Accounts payable (due in 1 week)
Interest payable (due in 1 month)
Unearned revenue (service to be provided in 2 months)
Long-term notes payable
Z. Taron, Capital
Totals
$190,140.
Debit
$ 23,000
16,000
6,140
100,000
95,000
Credit
$ 50,000
17,000
2,400
5,000
29,540
136,200
$240,140 $ 240,140
Transcribed Image Text:Covid Resources Student Services - Use the information in the adjusted trial balance presented below to calculate total current liabilities for Taron Company: Account Title Cash ▼ Accounts receivable Prepaid insurance Equipment Accumulated depreciation—Equipment Land Accounts payable (due in 1 week) Interest payable (due in 1 month) Unearned revenue (service to be provided in 2 months) Long-term notes payable Z. Taron, Capital Totals $190,140. Debit $ 23,000 16,000 6,140 100,000 95,000 Credit $ 50,000 17,000 2,400 5,000 29,540 136,200 $240,140 $ 240,140
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