Use the information in the adjusted trial balance presented below to calculate current assets for Jones Company:

A)$21,200.
B)$45,600.
C)$24,400.
D)$95,600.
E)$41,200.

Name: Use the information in the adjusted trial balance presented below to calculate current assets for Jones Company: A)$21,200. B)$45,600. C)$24,400. D)$95,600. E)$41,200.
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Question

Use the information in the adjusted trial balance presented below to calculate current assets for Jones Company:

A)$21,200. 
B)$45,600. 
C)$24,400. 
D)$95,600. 
E)$41,200.

Quizplus · Accepted Answer

Current Assets = Cash + Accounts Receivable + Prepaid Insurance
Current Assets = $23,000 + $16,000 + $6,600 = $45,600

Use the Information in the Adjusted Trial Balance Presented Below