On December 31, 2019, Krug Company prepared adjusting entries that included the following items: Depreciation...
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Accounting
On December 31, 2019, Krug Company prepared adjusting entries that included the following items: Depreciation expense: $41,000; Accrued sales revenue: $39,000; Accrued expenses: $28,000; Used insurance: $7,000; the insurance was initially recorded as prepaid. Rent revenue earned: $5,000; the rent was initially prepaid by the tenant and credited to unearned rent revenue. If Krug Company reported stockholders' equity of $290,000 prior to the adjusting entries, how much is Krug's stockholders' equity after the adjusting entries? A) $290,000. B)$299,000. c)$276,000. D) $258,000.
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