Question

1/ Janson Corporation Co.'s trial balance included the following account balances at December 31, 2018:

Accounts payable	$25,300
Bond payable, due 2027	24,200
Salaries payable	16,700
Note payable, due 2019	21,600
Note payable, due 2023	40,400

What amount should be included in the current liabilities section of Janson's December 31, 2018, balance sheet?

Multiple Choice

• $66,200.

• $42,000.

• $104,000.

• $63,600.

2/ The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below.

Assets				Liabilities and Equity
Current assets:				Current liabilities:
Cash	$	65		Accounts payable	$	227
Accounts receivable (net)		173		Other liabilities		74
Notes receivable		65		Total current liabilities		301
Inventories		211		Long-term liabilities		105
Prepaid expenses		33		Total liabilities		406
Total current assets		547		Shareholders' equity:
Plant assets (net)		266		Capital stock		144
				Retained earnings		263
				Total shareholders' equity		407
Total assets	$	813		Total liabilities and equity	$	813

  
Quick assets total:

Multiple Choice

• $238 thousand.

• $303 thousand.

• $336 thousand.

• $65 thousand.