The Chart of Account for the Miguel Company Includes Some

question 171

Multiple Choice

The chart of account for the Miguel Company includes some of the following accounts: $\begin{array}{|l|l|}\hline \text { Account Name } & \text { Account Number } \\\hline \text { Cash } & 11 \\\hline \text { Accounts Receivable } & 13 \\\hline \text { Prepaid Insurance } & 15 \\\hline \text { Accounts Payable } & 21 \\\hline \text { Unamed Revenue } & 24 \\\hline \text { Miguel, Capital } & 31 \\\hline \text { Miguel, Drawing } & 32 \\\hline \text { Fees Earned } & 41 \\\hline \text { Salaries Expense } & 54 \\\hline \text { Rent Expense } & 56 \\\hline & \\\end{array}$ On the journal page 5, the following transaction was found:
$$\begin{array} { | l | l | l | } \hline \text { Sularies Expenses } & 525 & \\\hline \text { Cash } & & 525 \\\hline & & \\\end{array}$$ What is the post reference that will be found on the Salaries Expense account?

• A) 5
• B) 11
• C) 54
• D) None

---

Definitions:

Right To Strike

The legal right of workers to cease work in order to gain concessions from their employer, such as higher pay or improved working conditions.

Right To Lockout

The legal right of an employer to deny employees access to the workplace during a dispute, as a counterpart to the right to strike.

Representation Votes

A voting process in which employees decide whether they want to be represented by a union.

Bargaining Unit

A group of employees of an employer represented by a trade union recognized or certified as their exclusive bargaining representative.