The Accounts in the Ledger of Monroe Entertainment Co Total Assets Are
A) $10,000
B) $8,000
C) $9,700
D)

Multiple Choice

The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances.?? $$\begin{array} { l r l r } \text { Accounts Payable } & \$ 1,500 & \text { Fees Earned } & \$ 3,600 \\\text { Accounts Receivable } & 1,800 & \text { Insurance Expense } & 1,300 \\\text { Prepaid Insurance } & 2,000 & \text { Land } & 3,000 \\\text { Cash } & 3,200 & \text { Wages Expense } & 1,400 \\\text { Drawing } & 1,200 & \text { Capital } & 8,800\end{array}$$ Total assets are

A) $10,000
B) $8,000
C) $9,700
D) $9,800