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Author Question: The accounts in the ledger of Monroe Entertainment Co are listed below. All accounts have normal ... (Read 22 times)

burton19126

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on: Jul 5, 2018
The accounts in the ledger of Monroe Entertainment Co are listed below. All accounts have normal balances. Accounts Payable 1,500 Fees Earned 3,600 Accounts Receivable 1,800 Insurance Expense 1,300 Prepaid Insurance 2,000 Land 3,000 Cash 3,200 Wages Expense 1,400 Drawing 1,200 Capital 8,800 Prepare a trial balance. The total of the debits isa. 13,900 b. 11,200 c. 12,700 d. 9,700

Question 2

The principal of a Private-Purpose Trust Fund
 
  A. Must be nonspendable in nature.
  B. Must be spendable in nature.
  C. Must never fall below a pre-determined threshold that is determined by generally accepted accounting principles.
  D. May be spendable or nonspendable in nature.


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asware1

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Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

D


burton19126

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Reply #2 on: Jul 5, 2018
Thank you


asware1

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Reply #3 on: Jul 5, 2018
No problemo


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