Use the information in the adjusted trial balance presented below to calculate current assets for…
- March 05, 2021/ Questions
Use the information in the adjusted trial balance presented below to calculate current assets for Taron Company: Account Title Dr Cr Cash $ 38,000 Accounts receivable 21,000 Prepaid insurance 8,600 Equipment 150,000 Accumulated depreciation—Equipment $ 75,000 Land 100,000 Accounts payable 22,000 Interest payable 3,650 Unearned revenue 6,500 Long-term notes payable 45,000 Z. Taron, Capital 165,450 Totals $ 317,600 $ 317,600