Homework Answers
Answer:. All amounts in dollars
Calculation of debit balance
| Particulars | Amount($) |
| Account Receivable | 789 |
| Cash | 2095 |
| Kim monroe, Drawing | 772 |
| Prepaid insurance | 2168 |
| Insurance Expanse | 517 |
| Land | 2933 |
| Wages Expanse | 731 |
| Total( Debit Balance) | 10005 |
Credit Balance
| Particulars | Amount |
| Account payable | 513 |
| Fess earned | 3186 |
| Kim monroe, Capital | 6306 |
| Total (Credit balance) | 10005 |
Add Answer to:
v2.cengagenow.com The following accounts appear in the ledger of Monroe Entertainment Co. All accounts have normal...
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
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. 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 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. Accounts payable Accounts receivable $2,773 598 Supplies 1,500 1.500 Prepaid insurance $417 849 500 1,571 2,078 ,800 694 1,600 Fees Earned Insurance Expense Rent expense Land Wages expense Retained earnings Common stock 2,631 Cash 1 Office equipment Dividends Unearned rent 502 5,500 5,733 Total assets are a. $5,733 b. $9,429 CC. $2,773 Cd. $3,344
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...
The following selected accounts and their normal balances appear in the ledger of Indian Jones Co....
The following selected accounts and their normal balances appear in the ledger of Indian Jones Co. for the year ended December 31, 2019: Cash Notes Receivable Accounts Receivable Interest Receivable Merchandise Inventory Office Supplies Prepaid Insurance Land Store Equipment Accum. Depr.-Store Equipment Office Equipment Accum. Depr.-Office Equipment Accounts Payable Oalaries Payable Unearned Rent Notes Payable - Long Term Indiana Jones, Capital Indiana Jones. Drawing Sales 52,950 40,000 60,880 200 62.150 480 2.650 10.000 27.100 5,700 15,570 4,720 22,420 1,140 1.800...
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
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 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 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 balances. Accounts payable Accounts receivable $2,773 598 Supplies 1,500 1.500 Prepaid insurance $417 849 500 1,571 2,078 ,800 694 1,600 Fees Earned Insurance Expense Rent expense Land Wages expense Retained earnings Common stock 2,631 Cash 1 Office equipment Dividends Unearned rent 502 5,500 5,733 Total assets are a. $5,733 b. $9,429 CC. $2,773 Cd. $3,344
The following selected accounts and their normal balances appear in the ledger of Indian Jones Co. for the year ended December 31, 2019: Cash Notes Receivable Accounts Receivable Interest Receivable Merchandise Inventory Office Supplies Prepaid Insurance Land Store Equipment Accum. Depr.-Store Equipment Office Equipment Accum. Depr.-Office Equipment Accounts Payable Oalaries Payable Unearned Rent Notes Payable - Long Term Indiana Jones, Capital Indiana Jones. Drawing Sales 52,950 40,000 60,880 200 62.150 480 2.650 10.000 27.100 5,700 15,570 4,720 22,420 1,140 1.800...
Most questions answered within 3 hours.
-
(Expected rate of return and risk) Carter Inc. is evaluating a
security. Calculate the investment’s expected...
asked 1 hour ago -
What specific indicators can point to lack of progress for
African Americans in American society?
asked 2 hours ago -
1-The Electrons in a beam are moving at 2.7×108 m/s in an
electric field of 15000...
asked 2 hours ago -
A gas tank is a vertical cylinder. It has a radius of 1m, a
height of...
asked 2 hours ago -
Accent Software faces the following conditions. All of these
support Accent’s use of a market-penetration pricing...
asked 3 hours ago -
A mathematically inclined friend emails you the following
instructions: "Meet me in the cafeteria the first...
asked 3 hours ago -
A monopoly sells in two countries . The demand curves in the two
countries are p1...
asked 4 hours ago -
A .15kg rubber ball is bounced off a wall. Before hitting the
wall, the ball moves...
asked 5 hours ago -
A manufacturing company preparing to build a new plant is
considering three potential locations for it....
asked 5 hours ago -
B. If compound Y has approximately the same values of solubility
in toluene as compound X,...
asked 6 hours ago -
Oscar Inc. has inventory in Japan valued at 39,051,000 Yen one
year ago. One year ago...
asked 6 hours ago -
If Canada suffered from "fundamental disequilibrium," and its
government choose not to devalue its currency, a...
asked 6 hours ago