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11

Accounting

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

Account Name Account Number

Cash11

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 5 of the journal contains the following transaction:

Description Post. Ref. Debit Credit

Salaries Expense  525     

 Cash   525

1. What is the posting reference that will be found in the salaries expense account?
2. a.11
3. b.21
4. c.5
5. d.54