Reference no: EM132861421

On December 31, 20X4, a company prepared adjusting entries that included the following items:
Recorded depreciation expense: $41,000;

• Recorded accrued interest expense: $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.

Question 1: If the company reported total liabilities of $190,000 prior to adjusting entries, how much are the company's total liabilities after the adjusting entries?

Group of answer choices

A) $231,000

B) $174,000

C) $213,000

D) $190,000