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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

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
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education