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On February 28, 2015, if Target Corporation reported total assets of $1,988,741 prior to the following adjusting entries (all numbers in this question are in
On February 28, 2015, if Target Corporation reported total assets of $1,988,741 prior to the following adjusting entries (all numbers in this question are in thousands):
- Depreciation expense: $29,000
- Accrued service revenues: $32,000
- Accrued expenses: $10,000
- Used insurance: $6,000; the insurance was initially recorded as prepaid
- Rent revenue earned: $7,000; the rent was initially prepaid by the tenant
How much are Target Corporation's total assets after the adjusting entries above?
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