The chart of accounts for Corning Company includes the following: Account Name Account Number - Cash...

 

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The chart of accounts for Corning Company includes the following: Account Name Account Number - Cash Accounts Receivable Prepaid Insurance Accounts Payable Unearned Revenue Common Stock Dividends Description Prepaid Insurance Cash 11 Post. Ref. 13 15 Fees Earned Salaries Expense Rent Expense Page 3 of the journal contains the following entry: 21 24 31 32 41 54 56 Debit 1,530 What posting reference will be found in the cash account? Credit 1,530 The chart of accounts for Corning Company includes the following: Account Name Account Number - Cash Accounts Receivable Prepaid Insurance Accounts Payable Unearned Revenue Common Stock Dividends Description Prepaid Insurance Cash 11 Post. Ref. 13 15 Fees Earned Salaries Expense Rent Expense Page 3 of the journal contains the following entry: 21 24 31 32 41 54 56 Debit 1,530 What posting reference will be found in the cash account? Credit 1,530

Answer rating: 100% (QA)

In the given journal entry Prepaid Insurance is debited for 1530 Cash is credited f... View the full answer