The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances Accounts payable $8,600 Accounts receivable 1,300 Supplies 1,500 8,000 Prepaid insurance Cash $1,500 Fees earned 1,800 Insurance expense 500 Rent expense 2,000 Land 3,200 Wages expense 1,800 Retained earnings 1,200 Common stock 1,600 1,400 office equipment Dividends 5,500 9,200 Unearned rent Total liabilities are a. $3,100 b. $14,300 c. $7,300 d. $1,500