Use the information in the adjusted trial balance presented below to calculate current assets for Ta Company: Account Title Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Unearned revenue Long-term notes payable Debit $ 23,000 16,000 6,140 100,000 95,000 Credit $ 50,000 17,000 2,400 5,000 29,540

Use the information in the adjusted trial balance presented below to calculate current assets for Ta Company: Account Title Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Unearned revenue Long-term notes payable Debit $ 23,000 16,000 6,140 100,000 95,000 Credit $ 50,000 17,000 2,400 5,000 29,540

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 11EA: Prepare adjusting journal entries, as needed, considering the account balances excerpted from the...

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