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What amount should be included in the current assets

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Reference no: EM132645103

Janson Corporation Co.'s trial balance included the following account balances at December 31, 2021:

Accounts receivable $12,100

Inventory 41,000

Patent 13,600

Investments 31,500

Prepaid insurance 7,700

Notes receivable, due 2024 50,000

Problem 1: Investments consist of treasury bills that were purchased in November, 2021, and mature in January, 2022. Prepaid insurance is for two years. What amount should be included in the current assets section of Janson's December 31, 2021, balance sheet?

Reference no: EM132645103

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