The chart of accounts for Miguel Company includes the following: Account Name Account Number Cash 11 Accounts
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Question:
The chart of accounts for Miguel Company includes the following:
Account Name | Account Number |
Cash | 11 |
Accounts Receivable | 13 |
Prepaid Insurance | 15 |
Accounts Payable | 21 |
Unearned Revenue | 24 |
Miguel, Capital | 31 |
Miguel, Drawing | 32 |
Fees Earned | 41 |
Salaries Expense | 54 |
Rent Expense | 56 |
Page 3 of the journal contains the following transaction:
Cash | 640 | |
Fees Earned | 640 |
What posting references will be found in the journal entry?
a. 11, 3
b. 41, 3
c. 3, 11
d. 11, 41
Related Book For
Financial Accounting
ISBN: 978-1118978085
IFRS 3rd edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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