1/ Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018:...
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Accounting
1/ Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018:
Accounts payable | $25,300 |
Bond payable, due 2027 | 24,200 |
Salaries payable | 16,700 |
Note payable, due 2019 | 21,600 |
Note payable, due 2023 | 40,400 |
What amount should be included in the current liabilities section of Janson's December 31, 2018, balance sheet?
Multiple Choice
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$66,200.
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$42,000.
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$104,000.
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$63,600.
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2/ The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below.
Assets | Liabilities and Equity | ||||||
Current assets: | Current liabilities: | ||||||
Cash | $ | 65 | Accounts payable | $ | 227 | ||
Accounts receivable (net) | 173 | Other liabilities | 74 | ||||
Notes receivable | 65 | Total current liabilities | 301 | ||||
Inventories | 211 | Long-term liabilities | 105 | ||||
Prepaid expenses | 33 | Total liabilities | 406 | ||||
Total current assets | 547 | Shareholders' equity: | |||||
Plant assets (net) | 266 | Capital stock | 144 | ||||
Retained earnings | 263 | ||||||
Total shareholders' equity | 407 | ||||||
Total assets | $ | 813 | Total liabilities and equity | $ | 813 | ||
Quick assets total:
Multiple Choice
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$238 thousand.
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$303 thousand.
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$336 thousand.
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$65 thousand.
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