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On December 31, 2019, Krug Company prepared adjusting entries that included the following items: Depreciation expense: $32,000; Accrued sales revenue: $30,000; Accrued expenses: $10,000; Used
On December 31, 2019, Krug Company prepared adjusting entries that included the following items: Depreciation expense: $32,000; Accrued sales revenue: $30,000; Accrued expenses: $10,000; Used insurance: $4,000; the insurance was initially recorded as prepaid. Rent revenue earned: $2,000; the rent was initially prepaid by the tenant and credited to unearned rent revenue. If Krug Company reported stockholders' equity of $200,000 prior to the adjusting entries, how much is Krug's stockholders' equity after the adjusting entries? Multiple Choice $200,000. $192,000. o $218,000. o $186,000
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