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The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances. Accounts payable$400Fees Earned$2,822Accounts receivable600Insurance Expense423Supplies500Rent expense1,500Prepaid insurance2,142Land2,614Cash2,038Wages expense542Office
The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances.
Accounts payable$400Fees Earned$2,822Accounts receivable600Insurance Expense423Supplies500Rent expense1,500Prepaid insurance2,142Land2,614Cash2,038Wages expense542Office equipment1,800Retained earnings5,500Dividends564Common stock5,701Unearned rent1,600
Total assets are
a.$5,701
b.$2,822
c.$9,694
d.$3,038
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