Question
On December 31, 2019, Krug Company prepared adjusting entries that included the following items: Depreciation expense: $51,000; Accrued sales revenue: $49,000; Accrued expenses: $26,000; Used
On December 31, 2019, Krug Company prepared adjusting entries that included the following items:
Depreciation expense: $51,000;
Accrued sales revenue: $49,000;
Accrued expenses: $26,000;
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 stockholders' equity of $390,000 prior to the adjusting entries, how much is Krug's stockholders' equity after the adjusting entries?
Multiple Choice
A)$360,000.
B)$411,000.
C)$390,000.
D)$380,000.
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