Question
The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances. Accounts Payable $405 Fees Earned $1,980 Accounts Receivable
The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances.
| Accounts Payable | $405 | Fees Earned | $1,980 | |
| Accounts Receivable | 825 | Insurance Expense | 478 | |
| Prepaid Insurance | 4,994 | Land | 1,527 | |
| Cash | 761 | Wages Expense | 729 | |
| Drawing | 324 | Capital | 7,253 |
Total assets are
a. $7,253
b. $1,980
c. $8,107
d. $3,146
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
