The accounts in the ledger of Monroe Entertainment Co. are listed in alphabetical order. All accounts have normal balances.

Account Payable $454 Fees Earned $2,425

Accounts Receivable $ 960 Insurance Expense $457

Investment $ 4,269 Land $1,735

Cash $ 688 Wages Expense $883

Drawing $ 496 Capital $6,609

Determine the total of all the assets.

Select the correct answer.

$2,425

$3,567

$6,609

$1,085

$7,652

The accounts in the ledger of Monroe Entertainment Co. are listed in alphabetical order. All accounts have normal balances.

Account Payable $481 Fees Earned $2,262

Accounts Receivable $631 Insurance Expense $431

Investment $4,221 Land $1,702

Cash $796 Wages Expense $727

Drawing $439 Capital $6,204

Determine the total of all the liabilities.

Select the correct answer.

$2,262

$7,350

$481

$1,104

$6,204

The accounts in the ledger of Monroe Entertainment Co. are listed in alphabetical order. All accounts have normal balances.

Account Payable $408 Fees Earned $2,014

Accounts Receivable $855 Insurance Expense $410

Investment $4,658 Land $1,606

Cash $543 Wages Expense $739

Drawing $369 Capital $6,758

Determine the net income.

Select the correct answer.

$865

$408

$7,662

$2,014

$6,758