The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances.
Fantastic news! We've Found the answer you've been seeking!
Question:
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 liabilities are
a. $1,500
b. $14,300
c. $3,100
d. $7,300
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date: