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6. On December 31, 2013, Cutoff Corporation reported total liabilities of s215,000 prior to the following adjusting entries Accrued expenses totaled $20,000 Expired insurance which

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6. On December 31, 2013, Cutoff Corporation reported total liabilities of s215,000 prior to the following adjusting entries Accrued expenses totaled $20,000 Expired insurance which was prepaid totaled $24,000 Rent revenue earned was $16,000; the rent was prepaid by the tenant and credited to unearned rent revenue Depreciation expense was $18,000 Accrued service revenues totaled $40,000 How much are Cutoffs total liabilities after adjusting entries? a. Total liabilities $215,000+$18,000 b. Total liabilities $215,000+$18,000+20,000 c. Total liabilities = $215,000 + $ 16,000-$18,000 d. Total liabilities $215,000+$20,000-$16,000 e. None of the above

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