The Accounts in the Ledger of Monroe Entertainment Co Total Assets Are
A) $10,000
B) $8,000
C) $9,700
D)

question 109

Multiple Choice

The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances.?? $$\begin{array} { l r l r } \text { Accounts Payable } & \$ 1,500 & \text { Fees Earned } & \$ 3,600 \\\text { Accounts Receivable } & 1,800 & \text { Insurance Expense } & 1,300 \\\text { Prepaid Insurance } & 2,000 & \text { Land } & 3,000 \\\text { Cash } & 3,200 & \text { Wages Expense } & 1,400 \\\text { Drawing } & 1,200 & \text { Capital } & 8,800\end{array}$$ Total assets are

• A) $10,000
• B) $8,000
• C) $9,700
• D) $9,800

---

Definitions:

Self-Monitoring

An individual difference in people’s desire and ability to adjust their self-presentations for different audiences.

Psychological Reactance Theory

A theory which proposes that people value thinking and acting freely. Therefore, situations that threaten their freedom arouse discomfort and prompt efforts to restore freedom.

Regulatory Focus Theory

The theory proposing that individuals regulate their behavior via two distinct systems: promotion focus (pursuit of goals and aspirations) and prevention focus (avoidance of negative outcomes).

Elaboration Likelihood Model

A theory in social psychology that explains the different ways people process persuasive messages, either through careful thought and evaluation or more automatic responses.