Question: Use the information in the adjusted trial balance presented below to calculate current assets for Taron Company: Account Title Dr. Cr. Cash $ 41,000 Accounts
Use the information in the adjusted trial balance presented below to calculate current assets for Taron Company:
| Account Title | Dr. | Cr. | ||||
| Cash | $ | 41,000 | ||||
| Accounts receivable | 22,000 | |||||
| Prepaid insurance | 9,000 | |||||
| Equipment | 160,000 | |||||
| Accumulated depreciationEquipment | $ | 80,000 | ||||
| Land | 101,000 | |||||
| Accounts payable | 23,000 | |||||
| Interest payable | 3,900 | |||||
| Unearned revenue | 6,800 | |||||
| Long-term notes payable | 48,000 | |||||
| Retained earnings | 171,300 | |||||
| Totals | $ | 333,000 | $ | 333,000 | ||
Multiple Choice
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$23,000.
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$333,000.
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$41,200.
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$72,000.
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