Hendrickson Corporation's Trial Balance for July 31,the End of Its

Multiple Choice

Hendrickson Corporation's trial balance for July 31,the end of its fiscal year,included the following accounts: Investments are treasury bills that were purchased in May and mature on August 15.Prepaid insurance is a three year policy that was purchased on July 31.
The amount that should be classified as current assets in the July 31 balance sheet is ________.

A) $144,500
B) $138,500
C) $93,500
D) $213,500