Asked by
Lucas Hechler
on Nov 12, 2024Verified
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.
Verified Answer
AM
Learning Objectives
- Identify and apply the correct posting references in journal and ledger entries.
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