The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances. Accounts payable $410 Fees Earned $3,036 Accounts receivable 771 Insurance Expense 505 Supplies 500 Rent expense 1,500 Prepaid insurance 2,040 Land 2,014 Cash 2,145 Wages expense 646 Office equipment 1,800 Retained earnings 5,500 Dividends 639 Common stock 5,314 Unearned rent 1,600 Total assets are Oa. $5,314 Ob. $3,036 Oc. $3,326 Od. $9,270

The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances. Accounts payable $410 Fees Earned $3,036 Accounts receivable 771 Insurance Expense 505 Supplies 500 Rent expense 1,500 Prepaid insurance 2,040 Land 2,014 Cash 2,145 Wages expense 646 Office equipment 1,800 Retained earnings 5,500 Dividends 639 Common stock 5,314 Unearned rent 1,600 Total assets are Oa. $5,314 Ob. $3,036 Oc. $3,326 Od. $9,270

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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