The accounts in the ledger of Monroe Entertainment Co. follow. All accounts have normal balances. Accounts Payable $1,500 Accounts Receivable Supplies Prepaid Insurance Cash Office Equipment Dividends Unearned Rent Fees Earned Insurance Expense Rent Expense Land Wages Expense Retained Earnings Common Stock Total assets are Oa. $9,800 O b. $13,500 Oc. $17,300 O d. $13,000 1,800 500 2,000 3,200 1,800 1,200 1,600 8,600 1,300 1,500 8,000 1,400 5,500 9,200

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 13GI
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The accounts in the ledger of Monroe Entertainment Co. follow. All accounts have normal balances.
Accounts Payable
$1,500
Accounts Receivable
Supplies
Prepaid Insurance
Cash
Office Equipment
Dividends
Unearned Rent
Fees Earned
Insurance Expense
Rent Expense
Land
Wages Expense
Retained Earnings
Common Stock
Total assets are
Oa. $9,800
O b. $13,500
Oc. $17,300
O d. $13,000
1,800
500
2,000
3,200
1,800
1,200
1,600
8,600
1,300
1,500
8,000
1,400
5,500
9,200
Transcribed Image Text:The accounts in the ledger of Monroe Entertainment Co. follow. All accounts have normal balances. Accounts Payable $1,500 Accounts Receivable Supplies Prepaid Insurance Cash Office Equipment Dividends Unearned Rent Fees Earned Insurance Expense Rent Expense Land Wages Expense Retained Earnings Common Stock Total assets are Oa. $9,800 O b. $13,500 Oc. $17,300 O d. $13,000 1,800 500 2,000 3,200 1,800 1,200 1,600 8,600 1,300 1,500 8,000 1,400 5,500 9,200
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