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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 Dividends 1,200 Common Stock 8,800 Prepare a trial balance. The total of the debits is a.$13,900 b.$9,700 c.$12,700 d.$11,200

Respuesta :

Answer: Option (a) is correct.

Explanation:

The total of the debits:

= Accounts receivable + Prepaid Insurance + Cash + Insurance Expense + Land + Wages Expense + Dividends

= 1,800 + 2,000 + 3,200 + 1,300 + 3,000 + 1,400 + 1,200

= $13,900

The Total of credit Balance:

= Accounts Payable + Fees Earned + Common Stock

= $1,500 + $3,600 + $8,800

= $13,900

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