Use the Information in the Adjusted Trial Balance Presented Below

question 138

Multiple Choice

Use the information in the adjusted trial balance presented below to calculate current assets for Taron Company: $$\begin{array} { | l | r | r | } \hline \text { Account Title } & { \text { Dr. } } & \text { Cr. } \\\hline \text { Cash } & \$ 23,000 & \\\hline \text { Accounts receivable } & 16,000 & \\\hline \text { Prepaid insurance } & 6,600 & \\\hline \text { Equipm ent } & 100,000 & \\\hline \text { Accumulated Depreciation -Equipment } & & \$ 50,000 \\\hline \text { Land } & 95,000 & \\\hline \text { Accounts payable } & & 17,000 \\\hline \text { Interest payable } & & 2,400 \\\hline \text { Unearned revenue } & & 5,000 \\\hline \text { Long-term notes payable } & & 30,000 \\\hline \text { Z. Taron, Capital } & & 136,200 \\\hline \text { Totals } &\$ 240,600 & \$ 240,600\\ \hline\end{array}$$

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

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Definitions:

Array Address

The memory location of the first element in an array, from which the positions of subsequent elements can be calculated.

Function

A block of organized, reusable code that is used to perform a single, related action within a program.

Two-Dimensional

Pertaining to a structure or object having height and width but no depth, often used in the context of arrays or graphical elements.

Integer Array

A data structure in programming that consists of a collection of integers stored in a contiguous memory location.