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On December 31, 2019, Krug Company prepared adjusting entries that included the following items: Depreciation expense: $39,000 Accrued sales revenue: $37,000. Accrued expenses: $18,000. Used
On December 31, 2019, Krug Company prepared adjusting entries that included the following items: Depreciation expense: $39,000 Accrued sales revenue: $37,000. Accrued expenses: $18,000. 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 uneared rent revenue. If Krug Company reported pretax income of $310,000 prior to the adjusting entries, how much is Krug's pretax income after the adjusting entries? Multiple Choice $288,000 $324,000 $290,000 $293.000
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