What is the posting reference that will be found in the prepaid insurance accoun

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 prepaid insurance accoun

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