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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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