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The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances.
Accounts Payable$575
Fees Earned$3,223
Accounts Receivable842
Insurance Expense514
Prepaid Insurance2,124
Land2,815
Cash2,128
Wages Expense753
Dividends738
Common Stock6,116
Problem 1: The total of the debits is
Option 1: $6,116
Option 2: $7,909
Option 3: $9,914
Option 4: $1,267
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