The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have...
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Accounting
The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances.
| Accounts Payable | $496 | Fees Earned | $2,275 | |
| Accounts Receivable | 939 | Insurance Expense | 479 | |
| Prepaid Insurance | 4,425 | Land | 1,793 | |
| Cash | 772 | Wages Expense | 739 | |
| Drawing | 300 | Capital | 6,676 |
Total assets are
a.$6,676
b.$2,275
c.$7,929
d.$3,543
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