Question

The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances. Accounts payable
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Correct answer---------(b) $9,429

Working

Accounts receivable $      849.00
Supplies $      500.00
Prepaid insurance $   1,571.00
Cash $   2,078.00
Office equipment $   1,800.00
Land $   2,631.00
Total assets $   9,429.00
Add a comment
Know the answer?
Add Answer to:
The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal...

    The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances. $564 Fees Earned $3,160 737 Insurance Expense 423 500 Rent expense 1,500 Accounts payable Accounts receivable Supplies Prepaid insurance Cash Office equipment Dividends 2,003 Land 2,438 759 1,783 1,800 Wages expense Retained earnings Common stock 5,500 614 5,033 Unearned rent 1,600 Total assets are Oa. $3,084 Ob. $5,033 Oc. $9,261 Od. $3,160

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

    The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances. Accounts Payable $446 Fees Earned $2,689 Accounts Receivable 849 Insurance Expense 558 Prepaid Insurance 1,941 Land 2,400 Cash 2,025 Wages Expense 649 Dividends 706 Common Stock 5,993 Prepare a trial balance. The total of the debits is $9,128 $7,215 $1,207 $5,993

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

    The accounts in the ledger of Monroe Entertainment Co, are listed below. All accounts have normal balances Accounts Payable Accounts Receivable Prepaid Insurance Cash Dividends $598 Fees Eamed 884 Insurance Expense 1.790 Land 1,763 Wages Expense 529 Common stock $3,057 596 2,981 629 5,517 Total assets are $7.418 $3,057 $5,517 $3,245 151 words e alp a ® SX BOMPI w1

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

    The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances. Account Payable $476 Fees Earned $3,049 Accounts Receivable 711 Insurance Expense 656 Prepaid Insurance 1,923 Land 2,973 Cash 1,881 Wages Expense 543 Dividends 641 Common Stock 5,803 Prepare a trial balance. The total of the debits is $5,803 $9,328 $1,199 $7,488

  • The following accounts appear in the ledger of Monroe Entertainment Co. All accounts have normal balances....

    The following accounts appear in the ledger of Monroe Entertainment Co. All accounts have normal balances. Accounts Payable $501 Fees Earned $3,116 Accounts Receivable 651 Insurance Expense 579 Cash 1,825 Kim Monroe, Capital 5,522 Kim Monroe, Drawing 685 Land 2,700 Prepaid Insurance 1,974 Wages Expense 725 When a trial balance is prepared, the total of the debits will be Oa. $9,139 Ob. $2,977 Oc. $1,812 Od: $5,522

  • v2.cengagenow.com The following accounts appear in the ledger of Monroe Entertainment Co. All accounts have normal...

    v2.cengagenow.com The following accounts appear in the ledger of Monroe Entertainment Co. All accounts have normal balances. $3,186 517 6,306 2,933 731 Accounts Payable $513 Fees Earned Accounts Receivable 789 Insurance Expense Cash 2,095 Kim Monroe, Capital Kim Monroe, Drawing 772 Land Prepaid Insurance 2,168 Wages Expense When a trial balance is prepared, the total of the debits will be Oa $1,938 Ob. $3,397 Oc. $10,005 d. $6,306 Previous Next > All work saved Submit Test for Grading

  • 10. The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have...

    10. The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances. Accounts Payable $1,500 Fees Earned $3,600 Accounts Receivable 1,800 Insurance Expense 1,300 Prepaid Insurance 2,000 Land 3,000 Cash 3,200 Wages Expense 1,400 Drawing 1,200 Capital 8,800 The total of all the assets is a. $10,000 b. $8,000 c. $9,700 d. $9,800 11. The classification and normal balance of the accounts payable account is an asset with a credit balance a liability with...

  • The accounts in the ledger of Monroe Entertainment Company are listed in alphabetical order. All accounts...

    The accounts in the ledger of Monroe Entertainment Company are listed in alphabetical order. All accounts have normal balances. Accounts payable 1 500 Fees earned 3 000 Accounts receivable 1 800 Insurance expense 1 300 Investment 2 000 Land 3 000 Cash 2 600 Wages expense 1 400 Dividends 1 200 Contributed equity 8 800 Prepare a trial balance. What is the total of the debits? a. $13 300 b. $9 400 c. $9 100 d. $9 600

  • 1. The accounts in the ledger of Monroe Entertainment Co. are listed in alphabetical order. All...

    1. The accounts in the ledger of Monroe Entertainment Co. are listed in alphabetical order. All accounts have normal balances. Accounts Payable 1,500 Fees Earned 3,000 Accounts Receivable 1,800 Insurance Expense 1,300 Investment 2,000 Land 3,000 Cash 2,600 Wages Expense 1,400 Withdrawals 1,200 Owner’s Equity 8,800 Prepare a trial balance. The total of the debits is a. $13,300 b. $9,400 c. $9,100 d. $9,600 e. $20,600 2. Which of the following is nota short-cut in finding errors on the trial...

  • Listed below are the ledger accounts for Borges Inc. at December 31, 2019. All accounts have...

    Listed below are the ledger accounts for Borges Inc. at December 31, 2019. All accounts have normal balances. Service Revenue $24,600 Cash 12,850 Accounts Payable 2,825 Common Stock 15,000 Rent Expense 2,400 Dividends 1,500 Salaries Expense 4,300 Equipment 13,935 Accounts Receivable 5,700 Advertising Expense 1,740 Required: Prepare a trial balance for Borges at December 31, 2019. If an amount box does not require an entry, leave it blank.

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT