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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

1 Answer

2 votes

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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