On December 31, 2026, Vivid Corporation prepared adjusting e…

Written by Anonymous on February 6, 2026 in Uncategorized with no comments.

Questions

On December 31, 2026, Vivid Cоrpоrаtiоn prepаred аdjusting 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 Vivid Corporation reported total assets of $340,000 prior to the adjusting entries, how much are Vivid's total assets after the adjusting entries?

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