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Question Content Area The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances. Accounts payable $520 Fees Earned
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The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances.
Accounts payable | $520 | Fees Earned | $3,237 | |
Accounts receivable | 624 | Insurance Expense | 549 | |
Supplies | 500 | Rent expense | 1,500 | |
Prepaid insurance | 1,690 | Land | 2,667 | |
Cash | 1,922 | Wages expense | 655 | |
Office equipment | 1,800 | Retained earnings | 5,500 | |
Dividends | 688 | Common stock | 5,038 | |
Unearned rent | 1,600 |
Total assets are
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