Question
The chart of accounts for Miguel Company includes the following: Account Name Account Number Cash 11 Accounts Receivable 13 Prepaid Insurance 15 Accounts Payable 21
The chart of accounts for Miguel Company includes the following:
| Account Name | Account Number |
| Cash | 11 |
| Accounts Receivable | 13 |
| Prepaid Insurance | 15 |
| Accounts Payable | 21 |
| Unearned Revenue | 24 |
| Miguel, Capital | 31 |
| Miguel, Drawing | 32 |
| Fees Earned | 41 |
| Salaries Expense | 54 |
| Rent Expense | 56 |
Page 5 of the journal contains the following transaction:
| Salaries Expense | 525 | |
| Cash | 525 |
What is the posting reference that will be found in the salaries expense account?
a.11
b.5
c.21
d.54
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
