The Chart of Accounts for Corning Company Includes the Following

question 94

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 posting references will be found in the journal entry?

• A) 15, 11
• B) 15, 3
• C) 11, 3
• D) 3, 15

---

Definitions:

To-do List

A list of tasks or activities that one intends to accomplish over a specific period.

Prioritize List

The process of organizing tasks, problems, or needs in order of importance or urgency to ensure focus on the most critical issues first.

Self-reliance

The reliance on one’s own powers and resources rather than those of others.

Constructive Criticism

Feedback that is specific, actionable, and intended to help improve someone's work or behavior, rather than merely to criticize or find fault.