The total assets on the balance sheet was $128,800 before journalizing and posting the adjusting entries for $800 of expired insurance, $2,400 of expired rent and $900 of depreciation. What are the total assets after journalizing and posting the adjusting?
A) $128,800.
B) $124,700.
C) $126,500.
D) $132,900.
Correct Answer:
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