How much is the total amount for reversal at the start of the next fiscal year relating to these adjusting entries?

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 6MC: Prior to adjustments, Barrett Companys account balances at December 31, 2019, for Accounts...
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The books of Hope Enterprises showed the following adjusting entries at the end of the period: * Depreciation expense 5,000 Accumulated depreciation Bad debts expense 1,000 Allowance for bad debts Unearned rent income Rent income Utilities expense 3,000 4,000 Accrued utilities expense 5,000 1,000 3,000 4,000 How much is the total amount for reversal at the start of the next fiscal year relating to these adjusting entries? (The reversing entry/ies serve/s as the solution for this problem)

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