Question: Use the information in the adjusted trial balance presented below to calculate current assets for Jones Company: Account Title Dr. Cr. Cash 23,000 Accounts receivable
Use the information in the adjusted trial balance presented below to calculate current assets for Jones Company:
Account Title Dr. Cr.
Cash 23,000
Accounts receivable 16,000
Prepaid insurance 6,600
Equipment 100,000
Accumulated Depreciation - Equipment 50,000
Land 95,000
Accounts payable 17,000
Interest payable 2,400
Unearned revenue 5,000
Long-term notes payable 30,000
J. Jones, Capital 136,200
Totals 240,600 240,600
A
$21,200.
B
$45,600.
C
$24,400.
D
$95,600.
E
$
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