The chart of accounts for corning company includes the following: account name account number cash 11 accounts receivable 13 prepaid insurance 15 accounts payable 21 unearned revenue 24 corning, capital 31 corning, drawing 32 fees earned 41 salaries expense 54 rent expense 56 page 3 of the journal contains the following entry: prepaid insurance 1,530 cash 1,530 what is the posting reference that will be found in the cash account?

At a young age, ebony's coaches were confident she had the potential to be a world-class swimmer with a future coaching career. after four years on an athletic scholarship and olympic experience under her belt, she chose a different path. with her savings and personal connections, she rented a corner building in a bustling san francisco neighborhood and pursued her dream: a surf shop business. ebony's dream was rooted in which basic right of free-market capitalism?

True tomato inc. makes organic ketchup. to promote its products, this firm decided to make bottles in the shape of tomatoes. to accomplish this, true tomato worked with its bottle manufacture to create a set of unique molds for its bottles. which of the following specialized assets does this example demonstrate? (a) site specificity (b) research specificity (c) physical-asset specificity (d) human-asset specificity

Amethod of allocating merchandise cost that assumes the first merchandise bought was the first merchandise sold is called the a. last-in, first-out method. b. first-in, first-out method. c. specific identification method. d. average cost method.