1/Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018: Accounts payable $26,500 Bond payable, due 2027 24,000 Salaries payable 17,400 Note payable, due 2019 20,300 Note payable, due 2023 41,200 What amount should be included in the current liabilities section of Janson's December 31, 2018, balance sheet? Multiple Choice $67,900. $105,400. $43,900. 2/ anson Corporation Co.'s trial balance included the following account balances at December 31, 2018: Accounts receivable $12,600 Inventories 40,000 Patent 13,300 Investments 30,400 Prepaid insurance 7,200 Note receivable, due 2021 51,400 Investments consist of treasury bills that were purchased in November, 2018 and mature in January, 2019. Prepaid insurance is for two years. What amount should be included in the current asset section of Janson’s December 31, 2018, balance sheet? Multiple Choice $ 86,600. $ 90,200. $ 138,000. $ 56,200. 3/ The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. Assets Liabilities and Equity Current assets: Current liabilities: Cash $ 62 Accounts payable $ 224 Accounts receivable (net) 174 Other liabilities 61 Notes receivable 63 Total current liabilities 285 Inventories 209 Long-term liabilities 99 Prepaid expenses 32 Total liabilities 384 Total current assets 540 Shareholders' equity: Plant assets (net) 268 Capital stock 141 Retained earnings 283 Total shareholders' equity 424 Total assets $ 808 Total liabilities and equity $ 808 The acid-test ratio is (Round your answer to two decimal places.): Multiple Choice 1.41. 1.05. 1.89. 0.28.

1) ANS- current liabilities includes note a) the principle portion of notes payable that will become due within 1 year note b)Account payable note c)Accrued exp here in question current liabilites includes; Account Payable $26,500 (Reffer Note-B) Salary Payable $17,400 (Reffer Note-C) Ans:-$43,900 2) ANS-Current Assets Includes cash and other asstes that are expected to be converted to cash within a year Here, Account Receivable-$12,600 Inventories-$40,000 Investment-$30,400 Prepaid Insurance-$7,200 ANSWER-$90200 3) Acid-test ratio= (current asset-stock) / current liabilities =(540,000-141,000) / 285,000 ANSWER =1.41.

1/Janson Corporation Co.'s trial balance included…

Answers

ANS- current liabilities includes

note a) the principle portion of notes payable that will become due within 1 year

note b)Account payable

note c)Accrued exp

here in question current liabilites includes;

Account Payable $26,500 (Reffer Note-B)

Salary Payable $17,400 (Reffer Note-C)

Ans:-$43,900

ANS-Current Assets Includes

cash and other asstes that are expected to be converted to cash within a year

Here,

Account Receivable-$12,600

Inventories-$40,000

Investment-$30,400

Prepaid Insurance-$7,200

ANSWER-$90200

Acid-test ratio= (current asset-stock) / current liabilities

=(540,000-141,000) / 285,000

ANSWER =1.41

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Accounts payable	$26,500
Bond payable, due 2027	24,000
Salaries payable	17,400
Note payable, due 2019	20,300
Note payable, due 2023	41,200


Accounts receivable	$12,600
Inventories	40,000
Patent	13,300
Investments	30,400
Prepaid insurance	7,200
Note receivable, due 2021	51,400

Assets			Liabilities and Equity
Current assets:			Current liabilities:
Cash	$	62	Accounts payable	$	224
Accounts receivable (net)		174	Other liabilities		61
Notes receivable		63	Total current liabilities		285
Inventories		209	Long-term liabilities		99
Prepaid expenses		32	Total liabilities		384
Total current assets		540	Shareholders' equity:
Plant assets (net)		268	Capital stock		141
			Retained earnings		283
			Total shareholders' equity		424
Total assets	$	808	Total liabilities and equity	$	808

1/Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018: Accounts payable...

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