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Business
Accounting
Account Name Account Number Cash 11 Accounts Receivable 13 Prepaid Insurance 15 Accounts Payable 21 Unearned Revenue 24 Common Stock 31 Dividends 32 Fees Earned 41 Salaries Expense 54 Rent Expense 56 Page 3 of the journal contains the following transaction: Description Post. Ref. Debit Credit Cash   640        Fees Earned     640 What posting references will be found in the journal entry? a.11, 41 b.41, 3 c.11, 3 d.3, 11

Account Name Account Number Cash 11 Accounts Receivable 13 Prepaid Insurance 15 Accounts Payable 21 Unearned Revenue 24 Common Stock 31 Dividends 32 Fees Earned 41 Salaries Expense 54 Rent Expense 56 Page 3 of the journal contains the following transaction: Description Post. Ref. Debit Credit Cash   640        Fees Earned     640 What posting references will be found in the journal entry? a.11, 41 b.41, 3 c.11, 3 d.3, 11

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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  1. The chart of accounts for the Miguel Company includes the following:

    Account Name Account Number
    Cash 11
    Accounts Receivable 13
    Prepaid Insurance 15
    Accounts Payable 21
    Unearned Revenue 24
    Common Stock 31
    Dividends 32
    Fees Earned 41
    Salaries Expense 54
    Rent Expense 56

    Page 3 of the journal contains the following transaction:

    Description Post. Ref. Debit Credit
    Cash   640  
         Fees Earned     640

    What posting references will be found in the journal entry?

    a.11, 41
    b.41, 3
    c.11, 3
    d.3, 11
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