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On December 3 1 , 2 0 1 9 , Krug Company prepared adjusting entries that included the following items: Depreciation expense: $ 3 9

On December 31,2019, Krug Company prepared adjusting entries that included the following items:
Depreciation expense: $39,000.
Accrued sales revenue: $29,000.
Accrued expenses: $24,000.
Used insurance: $5,000; the insurance was initially recorded as prepaid.
Rent revenue earned: $3,000; the rent was initially prepaid by the tenant and credited to unearned rent revenue.
If Krug Company reported total assets of $370,000 prior to the adjusting entries, how much are Krug's total assets after the adjusting entries?
Multiple Choice
$362,000.
$355,000.
$326,000.
$358,000.

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