< The chart of accounts for Corwin Computer Services includes the following: Account Name Cash Accounts Receivable Prepaid InsuranceAccounts Payable Unearned Revenue L. Corwin, Capital L. Corwin, Drawing Fees Earned Salaries Expense Rent Expense Page 3 of thejournal contains the following entry: Prepaid Insurance Description Cash a. 11 b. 15 c. 3 Account Number Od 13 11 13 15 21 Post. Ref. 2431 32 41 54 56 Debit What posting reference will be found in the cash account? 1,530 Credit 1,530The chart of accounts for Corwin Computer Services includes the following:Account NameCashAccounts ReceivablePrepaid InsuranceAccounts PayableUnearned RevenueL. Corwin, CapitalL. Corwin, DrawingFees EarnedSalaries ExpenseRent ExpensePage 3 of the journal contains the following entry:DescriptionPrepaid InsuranceCashAccount Numbera. 11b. 15.c. 3d 121113Post. Ref.1521243132415456Debit1,530What posting reference will be found in the cash account?Credit1,530

Post reference number is a number which is used to identify general ledger accounts. This number is…

Answered: The chart of accounts for Corwin…

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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Similar questions

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Do a JOURNAL ENTRY. Make sure they BALANCE Debit = Credit. Write it on word or excel. Thanks. please journalise all related transaction which is required for entry
Which of the following error will be a complete reversal of entries for the purchase of stationery for cash OMR 50 by the business? a. Debit Stationery OMR 50 and Credit Cash OMR 50 b. Debit Cash OMR 50 and Credit Purchase OMR 50 c. Debit Cash OMR 50 and Credit Stationery OMR 50 d. Debit Purchase OMR 50 and Credit Cash OMR 50
Make a ledger account with this journal entry.
The accompanying table, Data table Date Deposit (Withdrawal) Date Deposit (Withdrawal) 1/1/20 $8,000 1/1/22 $3,272 1/1/21 $(6,540) 1/1/23 $5,255 (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) , shows a series of transactions in a savings account. The account pays 5% simple interest, and the account owner withdraws interest as soon as it is paid. Calculate the following: a. The account balance at the end of each year. (Assume that the account balance at December 31, 2019, is zero.) b. The interest earned each year. c. The true rate of interest that the investor earns in this account. Question content area bottom Part 1 a. The account balance at the end of 2020 is $8,0008,000. (Round to the nearest dollar.) Part 2 The account balance at the end of 2021 is $1,9531,953. (Round to the nearest dollar.)
Create a schedule of accounts receivable using the accounts receivable subsidiary ledger‘s.
Which account are cash receipts are recorded into as a debit entry by default? A Undeposited Funds B Bank Chequing C Funds for Deposit D Cash in Bank Which form should be used to record credit card purchases? A Enter Purchase Orders B Enter Bills C Enter Credit Card Charges D Credit Card Purchases What is the default aging interval for customer accounts? A 60 days B 180 days C 90 days D 30 days
Which of the following document will be given by the supplier at the time of receipt of cash for the purchase of stationery for OMR 150? a. Receipt b. Debit note c. Sales invoice d. Purchase invoice
1
A $81 petty cash fund has cash of $25 and receipts of $59. Which of the following would be part of the journal entry to replenish the account? Select the correct answer. debit to Cash for $25 credit to Cash Short and Over for $3 credit to Petty Cash for $59 credit to Cash for $81
A $54 petty cash fund has cash of $19 and receipts of $24. The journal entry to replenish the account would include a a.credit to Petty Cash for $24. b.debit to Cash Short and Over for $11. c.credit to Cash for $54. d.debit to Cash for $19.
Need help on figuring out what to put for account/explanation for the journal entry

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