Use the following Unadjusted Trial Balance for Monroe Entertainment Company for questions 44 - 49: (This is the same Unadjusted Trial Balance in the module under the test review. ) Debit Credit Cash 3,200 Accounts Receivable 1,800 Prepaid Insurance 2,000 Land 3,000 Accounts Payable 1,500 J.B. Monroe, Capital 8,800 J.B. Monroe, Drawing 1,200 Fees Earned 3,600 Wages Expense 1,400 Insurance Expense 1,300 Totals ? $13,900 The total of the liabilities is ______________. Group of answer choices 8,800 1,500 1,200 2,700
Use the following Unadjusted Trial Balance for Monroe Entertainment Company for questions 44 - 49: (This is the same Unadjusted Trial Balance in the module under the test review. ) Debit Credit Cash 3,200 Accounts Receivable 1,800 Prepaid Insurance 2,000 Land 3,000 Accounts Payable 1,500 J.B. Monroe, Capital 8,800 J.B. Monroe, Drawing 1,200 Fees Earned 3,600 Wages Expense 1,400 Insurance Expense 1,300 Totals ? $13,900 The total of the liabilities is ______________. Group of answer choices 8,800 1,500 1,200 2,700
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter10: Payroll Register (pr)
Section: Chapter Questions
Problem 5R
Related questions
Topic Video
Question
Use the following Unadjusted
|
Debit |
Credit |
Cash |
3,200 |
|
Accounts Receivable |
1,800 |
|
Prepaid Insurance |
2,000 |
|
Land |
3,000 |
|
Accounts Payable |
|
1,500 |
J.B. Monroe, Capital |
|
8,800 |
J.B. Monroe, Drawing |
1,200 |
|
Fees Earned |
|
3,600 |
Wages Expense |
1,400 |
|
Insurance Expense |
1,300 |
|
Totals |
? |
$13,900 |
The total of the liabilities is ______________.
Group of answer choices
8,800
1,500
1,200
2,700
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage
Excel Applications for Accounting Principles
Accounting
ISBN:
9781111581565
Author:
Gaylord N. Smith
Publisher:
Cengage Learning
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage