This paper circulates around the core theme of Use the information in the adjusted trial balance presented below to calculate current assets for Jones Company together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
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. $41,200
