Asked by

Lucas Hechler
on Nov 12, 2024

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What posting references will be found in the journal entry?

A) 15, 11
B) 15, 3
C) 11, 3
D) 3, 15

Prepaid Insurance

Expenses paid in advance for insurance coverages that extend beyond the current accounting period.

Posting References

Codes or numbers used to track the transfer of information from journals to ledgers in the accounting process.

Cash

A form of currency that companies and individuals use for transactions or to settle debts.

  • Identify and apply the correct posting references in journal and ledger entries.
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Aldrena MullerNov 14, 2024
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