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The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances. Accounts Payable $496 Fees Earned $2,275 Accounts Receivable

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

Accounts Payable $496 Fees Earned $2,275
Accounts Receivable 939 Insurance Expense 479
Prepaid Insurance 4,425 Land 1,793
Cash 772 Wages Expense 739
Drawing 300 Capital 6,676

Total assets are

a.$6,676

b.$2,275

c.$7,929

d.$3,543

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