The accounts in the ledger of Monroe Entertainment Co.are listed below.All accounts have normal balances.
$\begin{array}{llll}
\text { AccountsPayable } & 1,500 & \text { Fees Earned } & 3,600 \
\text { AccountsReceivable } & 1,800 & \text { Insurance Expense } & 1,300 \
\text { Prepaid Instrance } & 2,000 & \text { Land } & 3,000 \
\text { Casih } & 3,200 & \text { WagesExpense } & 1,400 \
\text { CapitalStock } & 2,500 & \text { Retained Earnings } & 6,300 \
\text { Dividends } & 1,200 & &
\end{array}$
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 $13,900. This is calculated by adding up the balances of the debit accounts: Accounts Payable ($1,500), Prepaid Insurance ($2,000), Cash ($3,200), Capital Stock ($2,500), and Wages Expense ($1,400).

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