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

question 54

Multiple Choice

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

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