The Accounts in the Ledger of Monroe Entertainment Co Prepare a Trial Balance

question 199

Multiple Choice

The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances. $$\begin{array} { l c l l } \text { Accounts Payable } & \$ 1,500 & \text { Fees Earned } & \$ 3,600 \\\text { Accounts Receivable } & 1,800 & \text { Insurance Expense } & 1,300 \\\text { Prepaid Insurance } & 2,000 & \text { Land } & 3,000 \\\text { Cash } & 3,200 & \text { Wages Expense } & 1,400 \\\text { Dividends } & 1,200 & \text { Common Stock } & 8,800\end{array}$$ Prepare a trial balance. The total of the debits is

• A) $13,900
• B) $11,200
• C) $12,700
• D) $9,700

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