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

Question

Quizplus · Accepted Answer

The total of the debits is calculated by adding the normal debit balances: Accounts Receivable ($1,800) + Prepaid Insurance ($2,000) + Cash ($3,200) + Insurance Expense ($1,300) + Wages Expense ($1,400) + Dividends ($1,200) + Land ($3,000) = $13,900.

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