Use the information in the adjusted trial balance presented below to calculate current assets for Ta Company: Account Title Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Unearned revenue Long-term notes payable Debit $ 23,000 16,000 6,140 100,000 95,000 Credit $ 50,000 17,000 2,400 5,000 29,540

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Use the information in the adjusted trial balance presented below to calculate current assets for Taron
Company:
Account Title
Cash
Accounts receivable
Prepaid insurance
Equipment
Accumulated depreciation-Equipment
Land
Accounts payable
Interest payable
Unearned revenue
Long-term notes payable
Z. Taron, Capital
Totals
Multiple Choice
$39,000
$45,140.
$24,400.
$145.140.
$41,200.
Debit
$ 23,000
16,000
6,140
100,000
95,000
$ 240,140
Credit
$ 50,000
17,000
2,400
5,000
29,540
136,200
$ 240,140
Transcribed Image Text:Use the information in the adjusted trial balance presented below to calculate current assets for Taron Company: Account Title Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Unearned revenue Long-term notes payable Z. Taron, Capital Totals Multiple Choice $39,000 $45,140. $24,400. $145.140. $41,200. Debit $ 23,000 16,000 6,140 100,000 95,000 $ 240,140 Credit $ 50,000 17,000 2,400 5,000 29,540 136,200 $ 240,140
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