The chart of accounts for the Miguel Company includes the following: Account Name Account Number Cash 11 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: Salaries Expense 525 Cash 525 What is the posting reference that will be found in the salaries expense account? 54 21 5 11

Miguel Company

Posting Reference:

In the Salaries Expense account, the posting reference will be 11.

This is the Account Number of Cash Account.

Explanation:

Posting reference is a field that facilitates cross-referencing or interlinking between the journal and the ledger in the posting process.  Posting reference columns are present in both the journal and the ledger, and it is also known as the Folio.

The posting reference column is a column in the general journal indicates that entries have been posted to the ledger accounts.

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public property refers to the property that can be used by all legal citizens in a certain country. the public property was created and maintain using the government budget that allocated specifically for it. the budget itself come from the citizen's income tax payment.

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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