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The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances. Accounts payable $1,500 Fees earned $8,600 Accounts receivable
The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances.
Accounts payable | $1,500 | Fees earned | $8,600 | |
Accounts receivable | 1,800 | Insurance expense | 1,300 | |
Supplies | 500 | Rent expense | 1,500 | |
Prepaid insurance | 2,000 | Land | 8,000 | |
Cash | 3,200 | Wages expense | 1,400 | |
Office equipment | 1,800 | Retained earnings | 5,500 | |
Dividends | 1,200 | Common stock | 9,200 | |
Unearned rent | 1,600 |
Total assets are
a.$13,500
b.$17,300
c.$13,000
d.$9,800
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