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The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances. Accounts Payable $484 Fees Earned $2,517 Accounts Receivable 877 Insurance Expense 697 Prepaid Insurance 1,703 Land 2,905 Cash 2,011 Wages Expense 782 Dividends 521 Common Stock 6,495 Prepare a trial balance. The total of the debits is:_______.
a. $1,479
b. $6,495
c. $7,496
d. $9,496

Sagot :

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Answer:

d. $9,496

Explanation:

Particulars                      Debit       Credit

Accounts Payable                           $484

Fees Earned                                    $2,517

Accounts Receivable      877

Insurance Expense          697

Prepaid Insurance           1,703

Land                                  2,905

Cash                                  2,011

Wages Expense               782

Dividends                          521

Common Stock                              6,495

Total                                $9,496

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