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On December 31, 2020, Williams Company reported total assets of $125,000 prior to the following adjusting entries: . . Depreciation expense was $14,000; Accrued service
On December 31, 2020, Williams Company reported total assets of $125,000 prior to the following adjusting entries: . . Depreciation expense was $14,000; Accrued service revenues totaled $18,000; Accrued expenses totaled $7,000; Used up insurance worth $10,000, the insurance was prepaid; Rent revenue earned was $16,000, the rent was prepaid by the tenant. . How much was Williams' total assets after adjusting entries? a. $119,000 O b. $129,000 C. $101,000 O d. $128,000 O e. $135,000. O f. $133,000
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