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On December 31, 2019. Krug Company prepared adjusting entries that included the following items: Depreciation expense: $31000 Accrued sales revenue: $29,000. Accrued expenses $12,000. Used

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On December 31, 2019. Krug Company prepared adjusting entries that included the following items: Depreciation expense: $31000 Accrued sales revenue: $29,000. Accrued expenses $12,000. Used insurance: $9,000; the Insurance was initially recorded as prepaid Rent revenue earned: $7000; the rent was initially prepaid by the tenant and credited to unearned rent revenue # Krug Company reported total abilities of $10,000 prior to adjusting entries, how much are Krug's total abilities after the adjusting entries? Multiple Choice $115,000 $140.000 106.000 $110,000

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