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On December 31, 2014, Krug Company reported stockholders' equity of $220,000 prior to the following adjusting entries: Depreciation expense: $34,000; Accrued service revenues: $32,000; Accrued
On December 31, 2014, Krug Company reported stockholders' equity of $220,000 prior to the following adjusting entries: Depreciation expense: $34,000; Accrued service revenues: $32,000; Accrued expenses: $14,000; Used insurance: $6,000; the insurance was initially recorded as prepaid. Rent revenue earned: $4,000; the rent was initially prepaid by the tenant and credited to unearned rent revenue. How much is Krug's stockholders' equity after adjusting entries? $220,000. $236,000. $202,000. $208,000.
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