The Chart of Accounts for Corning Company Includes the Following

question 18

Multiple Choice

The chart of accounts for Corning Company includes the following:
$$\begin{array} { | l | c | } \hline{ \text { Account Name } } & \text { Account Number } \\\hline \text { Cash } & 11 \\\hline \text { Accounts Receivable } & 13 \\\hline \text { Prepaid Insurance } & 15 \\\hline \text { Accounts Payable } & 21 \\\hline \text { Unearned Revenue } & 24 \\\hline \text { Corning Capital } & 31 \\\hline \text { Corning Drawing } & 32 \\\hline \text { Fees Earned } & 41 \\\hline \text { Salaries Expense } & 54 \\\hline \text { Rent Expense } & 56 \\\hline\end{array}$$ ?
Page 3 of the journal contains the following entry:
Prepaid Insurance........1,530
Cash.............................1,530
-The chart of accounts for Miguel Company includes the following:? $$\begin{array} { | l | c | } \hline{ \text { Account Name } } & \text { Account Number } \\\hline \text { Cash } & 11 \\\hline \text { Accounts Receivable } & 13 \\\hline \text { Prepaid Insurance } & 15 \\\hline \text { Accounts Payable } & 21 \\\hline \text { Unearned Revenue } & 24 \\\hline \text { Miguel, Capital } & 31 \\\hline \text { Miguel, Drawing } & 32 \\\hline \text { Fees Earned } & 41 \\\hline \text { Salaries Expense } & 54 \\\hline \text { Rent Expense } & 56 \\\hline\end{array}$$ Page 5 of the journal contains the following transaction:? $$\begin{array} { | c | r | r | } \hline \text { Sal aries Expense } & 525 & \\\hline \text { Cash } & & 525 \\\hline\end{array}$$ What is the posting reference that will be found in the salaries expense account?

• A) 5
• B) 11
• C) 54
• D) 21

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Definitions:

Situational Attributions

The process of explaining someone's behavior based on external factors, such as the environment or social context.

Environment

The surroundings or conditions in which a person, animal, or plant lives or operates.

Disposition

A person's inherent qualities of mind and character.

Stanford Prison Study

A psychological experiment conducted in 1971 that explored the effects of perceived power, focusing on the struggle between prisoners and prison officers.