On December 31, 2019, Krug Company prepared adjusting entries that included the following items: Depreciation expense: $36,000; Accrued sales revenue: $34,000; Accrued expenses: $18,000; 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 $140,000 prior to adjusting entries, how much are Krug's total liabilities after the adjusting entries

$152,000

Explanation:

Calculation for How much was Krug's total liabilities after the adjusting entries

Reported total liabilities $140,000

Add Accrued expenses $18,000

Less Rent revenue earned ($6,000)

Total liabilities $152,000

($140,000+$18,000-$6,000)

Therefore the amount of Krug's total liabilities after the adjusting entries will be $152,000

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20