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?what total assets are for monroe entertainment

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Reference no: EM132657235

Problem 1: Total assets are

a.$5,997

b.$3,137

c.$3,359

d.$10,127

The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances.

Accounts payable $558

Fees Earned $3,137

Accounts receivable 720

Insurance Expense 680

Supplies 500

Rent expense 1,500

Prepaid insurance 2,150

Land 2,876

Cash 2,081

Wages expense 646

Office equipment 1,800

Retained earnings 5,500

Dividends 539

Common stock 5,997

Unearned rent 1,600

 

Reference no: EM132657235

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