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On December 31, 2014, Krug Company reported total assets of $430,000 prior to the following...

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Accounting

On December 31, 2014, Krug Company reported total assets of $430,000 prior to the following adjusting entries: Depreciation expense was $45,000; Accrued service revenues totaled $29,000; Accrued expenses totaled $14,000; 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. How much are Krug's total assets after adjusting entries? $409,000. $422,000. $412,000. $380,000.

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