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

Comprehend the concept of dot planning and its application in group decision-making.

Recognize the role and application of Robert's Rules of Order in meetings.

Understand the impact of networking and social behaviors on meeting outcomes.

Assess the significance of interpersonal skills in both virtual and physical meetings.

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Definitions:

Texas Insurance

Insurance products and services regulated and offered within the state of Texas, covering various sectors like health, auto, and property.

Call Premium

The additional amount over the bond's face value that must be paid to call a bond before its maturity date.

Put Contract

An options contract that gives the holder the right to sell a specified amount of an underlying security at a specified price within a specified time.

Put Premium

The price that must be paid to purchase a put option, which gives the holder the right but not the obligation to sell a specified quantity of an underlying asset at a set price within a specified time.