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

---

Definitions:

Abortion Status 1880

Historical perspective or policy status regarding abortion in the year 1880, reflecting societal and legal viewpoints of that time.

Federal Law

Legislation enacted by the national government of a country, which applies to all its residents and territories.

Roe V. Wade

A landmark decision by the U.S. Supreme Court that legalized abortion nationwide, recognizing a woman's legal right to an abortion.

Supreme Court

The highest judicial body in a country, typically having the final say in legal disputes and the interpretation of laws.