The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances.
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Question:
The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances.
Accounts Payable | $405 | Fees Earned | $1,980 | |
Accounts Receivable | 825 | Insurance Expense | 478 | |
Prepaid Insurance | 4,994 | Land | 1,527 | |
Cash | 761 | Wages Expense | 729 | |
Drawing | 324 | Capital | 7,253 |
Total assets are
a. $7,253
b. $1,980
c. $8,107
d. $3,146
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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