Business, 06.05.2020 01:39 keiarrabrown052606

On December 31, 2019, Krug Company prepared adjusting entries that included the following items: Depreciation expense: $48,000; Accrued sales revenue: $46,000; Accrued expenses: $20,000; Used insurance: $8,000; the insurance was initially recorded as prepaid. Rent revenue earned: $6,000; the rent was initially prepaid by the tenant and credited to unearned rent revenue. If Krug Company reported total liabilities of $260,000 prior to adjusting entries, how much are Krug's total liabilities after the adjusting entries?

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On December 31, 2019, Krug Company prepared adjusting entries that included the following items: Dep...