(Answered) Problem - on december 31 year 15 cutoff corporation

Accounting

Problem - On December 31, Year 15, Cutoff Corporation reported total assets of $142,000 prior to the following adjusting entries:

Accrued expenses totaled $14,000
Expired insurance which was prepaid totaled $5,000
Rent revenue earned was $12,000; the rent was prepaid by the tenant and credited to unearned rent revenue
Depreciation expense was $22,000
Accrued service revenues totaled $12,000

How much are Cutoff's total assets after adjusting entries?

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