The books of Hope Enterprises showed the following adjusting entries at the end of the period:
Depreciation Expense 5,000
Accumulated depreciation 5,000
Bad debt expense 1,000
Allowance for bad debts 1,000
Unearned rent income 3,000
Rent income 3,000
Utilities expense 4,000
Accrued utilities expense 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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