The Chart of Accounts for Corning Company Includes the Following

question 214

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
-What is the posting reference that will be found in the cash account?

• A) 11
• B) 15
• C) 3
• D) 13

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Definitions:

Semiconservative Replication

The process by which DNA duplicates itself, where each of the two resulting DNA molecules consists of one new and one original strand.

Newly Synthesized DNA

DNA strands that have been recently formed during the process of DNA replication.

Parental Strand

The original strand of DNA that serves as the template for the production of a complementary strand during DNA replication.

Eukaryotic Chromosomes

Linear structures found in the nucleus of eukaryotic cells, made up of DNA and proteins, that contain genes and function in heredity and gene expression.