The chart of accounts for the Miguel Company includes the following:Account NameAccount NumberCash11Accounts Receivable13Prepaid Insurance15Accounts Payable21Unearned Revenue24Common Stock31Dividends32Fees Earned41Salaries Expense54Rent Expense56Page 3 of the journal contains the following transaction:DescriptionPost. Ref.DebitCreditCash 640 Fees Earned 640What posting references will be found in the journal entry?a.11, 41b.41, 3c.11, 3d.3, 11

When a transaction is recorded, along with the account titles, post. ref should be entered.

Answered: Account Name Account Number Cash 11…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 12MC: On January 1, Incredible Infants sold goods to Babies Inc. for $1,540, terms 30 days, and received...

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The chart of accounts for the Miguel Company includes the following:

Account Name	Account Number
Cash	11
Accounts Receivable	13
Prepaid Insurance	15
Accounts Payable	21
Unearned Revenue	24
Common Stock	31
Dividends	32
Fees Earned	41
Salaries Expense	54
Rent Expense	56

Page 3 of the journal contains the following transaction:

Description	Post. Ref.	Debit	Credit
Cash		640
Fees Earned			640

What posting references will be found in the journal entry?

a.11, 41

b.41, 3

c.11, 3

d.3, 11

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