sparky1234
sparky1234
04.10.2020 • 
Business

On December 31, 2019, Krug Company reported total assets of $320,000 prior to the following adjusting entries: Depreciation expense was $31,000. Accrued service revenues totaled $29,000. Accrued expenses totaled $12,000. Used insurance: $9,000; the insurance was initially recorded as prepaid. Rent revenue earned: $7,000; the rent was initially prepaid by the tenant and credited to unearned rent revenue. How much are the Krug's total assets after adjusting entries

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