14.Which of the following is true about assets?

a.Assets are the result of selling products or services to customers.

b.Assets include only physical items.

c.Assets are the personal property of the owner of the company.

d.Assets include both physical and intangible items.

15. The chart of accounts for Corning Company includes the following:

Account Name Account Number

Cash 11

Accounts Receivable 13

Prepaid Insurance 15

Accounts Payable 21

Unearned Revenue 24

Corning, Capital 31

Corning, Drawing 32

Fees Earned 41

Salaries Expense 54

Rent Expense 56

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.3

c.15

d.13