TCO 4) Janson Corporation Co.’s trial balance included the following account balances at December 31, 2011:
Investments consist of treasury bills that were purchased in November and mature in January. Prepaid insurance is for the next 2 years. What amount should be included in the current asset section of Janson’s December 31, 2011 balance sheet?
$88.000
$85,000
$55,000
$135,000