Given:
Total assets before journalizing and posting the adjusting = $128,800
Expired insurance = $800
Expired rent = $2,400
Depreciation = $900
To find:
Total assets after journalizing and posting the adjusting
Solution:
To determine the value of the total assets after journalizing and posting the adjustment, we have to subtract all the given values i.e, the expired rent, expired insurance and the depreciation values from the total assets before journalizing and posting the adjusting.
The calculation is as follows,
Total assets after journalizing and posting the adjusting
[tex]\Rightarrow\$128,800 - \$800 - \$2,400 - \$900 = \$124,700[/tex]
Therefore, the required value of the total assets after journalizing and posting the adjusting is $124,700.
