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?

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

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