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The chart of accounts for Corwin Computer Services includes the following: Account Number Account Name Cash Ć Description Accounts Receivable Prepaid Insurance Accounts Payable Unearned Revenue L. Corwin, Capital L. Corwin, Drawing Fees Earned Salaries Expense Rent Expense Page 3 of the journal contains the following entry: Prepaid Insurance Cash 11 Post. Ref. 13 15 21 24 31 32 41 54 56 Debit 1,530 What posting reference will be found in the cash account? a. 11 b. 15 c. 3 d 13 Credit 1,530

The chart of accounts for Corwin Computer Services includes the following: Account Number Account Name Cash Ć Description Accounts Receivable Prepaid Insurance Accounts Payable Unearned Revenue L. Corwin, Capital L. Corwin, Drawing Fees Earned Salaries Expense Rent Expense Page 3 of the journal contains the following entry: Prepaid Insurance Cash 11 Post. Ref. 13 15 21 24 31 32 41 54 56 Debit 1,530 What posting reference will be found in the cash account? a. 11 b. 15 c. 3 d 13 Credit 1,530

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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< The chart of accounts for Corwin Computer Services includes the following: Account Name Cash Accounts Receivable Prepaid Insurance Accounts Payable Unearned Revenue L. Corwin, Capital L. Corwin, Drawing Fees Earned Salaries Expense Rent Expense Page 3 of the journal contains the following entry: Prepaid Insurance Description Cash a. 11 b. 15 c. 3 Account Number Od 13 11 13 15 21 Post. Ref. 24 31 32 41 54 56 Debit What posting reference will be found in the cash account? 1,530 Credit 1,530 The chart of accounts for Corwin Computer Services includes the following: Account Name Cash Accounts Receivable Prepaid Insurance Accounts Payable Unearned Revenue L. Corwin, Capital L. Corwin, Drawing Fees Earned Salaries Expense Rent Expense Page 3 of the journal contains the following entry: Description Prepaid Insurance Cash Account Number a. 11 b. 15. c. 3 d 12 11 13 Post. Ref. 15 21 24 31 32 41 54 56 Debit 1,530 What posting reference will be found in the cash account? Credit 1,530
Transcribed Image Text:< The chart of accounts for Corwin Computer Services includes the following: Account Name Cash Accounts Receivable Prepaid Insurance Accounts Payable Unearned Revenue L. Corwin, Capital L. Corwin, Drawing Fees Earned Salaries Expense Rent Expense Page 3 of the journal contains the following entry: Prepaid Insurance Description Cash a. 11 b. 15 c. 3 Account Number Od 13 11 13 15 21 Post. Ref. 24 31 32 41 54 56 Debit What posting reference will be found in the cash account? 1,530 Credit 1,530 The chart of accounts for Corwin Computer Services includes the following: Account Name Cash Accounts Receivable Prepaid Insurance Accounts Payable Unearned Revenue L. Corwin, Capital L. Corwin, Drawing Fees Earned Salaries Expense Rent Expense Page 3 of the journal contains the following entry: Description Prepaid Insurance Cash Account Number a. 11 b. 15. c. 3 d 12 11 13 Post. Ref. 15 21 24 31 32 41 54 56 Debit 1,530 What posting reference will be found in the cash account? Credit 1,530
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