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Lana's Chiropractic Inc. (LCI) reported assets of $325,000 on its unadjusted trial balance at its...

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Accounting

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Lana's Chiropractic Inc. (LCI) reported assets of $325,000 on its unadjusted trial balance at its December 31 , Year 3 , year end. Other pertinent facts follow: - Adjusting entries including accruals and deferrals are only recorded at year end. - Each Friday, LCI pays its employees for the current week's work. December 31 was a Monday. LCl's weekly payroll based on a five-day work week is $3,000. - LCl's had \$2,200 of office supplies on December 31. Year 2. During Year 3, it. purchased $1,400 of additional supplies and debited office supplies for this amount at time of purchase. Office supplies on hand at December 31, Year 3. were $900. - On January 2. Year 1. LCl purchased equipment for $20,000. This is being depreciated on a straight-line basis over five years with no residual value, - In September Year 3. LCl paid $2.400 cash in advance for a 12-month cleaning contract and recorded the amount as prepaid cleaning. The cleaners started cleaning LCl's premiscs on November 1. Year 3. What were LCl's adjusted assets for its year ended December 31, Year 3 ? $317.000 $317,300 $317.900 $321.900

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