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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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