Question: The chart of accounts for Corwin Computer Services includes the following: Account Name Account Number Cash 11 Accounts Receivable 13 Prepaid Insurance 15 Accounts Payable

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

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

2. The following matrix represents a warehouse location problem. There is a fixed cost for opening any of the five possible warehouses, and the cell entries for each customer are the variable costs...

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...

11. 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...

1. The type of account and normal balance of Prepaid Insurance is a. asset, debit b. contra asset, credit c. asset, credit d. contra asset, debit 2. The income statement will present a. revenues less...

1. Chapter 1Introduction to Accounting and Business Question MC #4 (Points: 3) An entity that is organized according to state or federal statutes and in which ownership is divided into shares of...

/ilm/takeAssignment/takeAssignmentMain.do?invokeretakeAssignmentSessionLocatore&inprogress-false The chart of accounts for the Miguel Company includes the following: Account Name Account Number Cash...

QUESTION 4 The chart of accounts for the Miguel Company includes the following: Account Name Account Number Cash Accounts Receivable 13 Prepaid Insurance 15 Accounts Payable Unearned Revenue Common...

10.If total liabilities decreased by $23,767 during a period of time and stockholders' equity increased by $31,939 during the same period, the amount and direction (increase or decrease) of the...

The following transactions were completed by Kikoti Outdoor Theatre during October of the current year. Oct 3 Received and deposited in a bank account Sh.3,000,000, cash received from investors. 4...

CUMULATIVE PROBLEM - Aster Systems On October 1, 2017, Aster Turane organized a computer service company called Aster Systems. Aster is organized as a sole proprietorship and will provide consulting...

A store wants to sell customers credit by giving them 6 months to pay (semi-annual period). Their bank will help with financing and will charge a monthly compounding rate of 16.8%. What semi-annual...

frequency of sources are 5khz. Calculate ZL to get max power for circuit. 50-2 380 191 JOVKO Hurp Juf Kaynaklan frekansi 5kHz ise mok. g celkemek iin z ne olmdladr? inimilinep snt gotrastion sibby...

As the expected misstatement is large relative to the tolerable misstatement, the audit team would most likely Multiple Choice decrease the sample size. consider the possibility of an increased level...

Pharoah Company reported the following amounts for 2022: Raw materials purchased $95,200 Beginning raw materials inventory 5,824 Ending raw materials inventory 5,040 Beginning finished goods...