The chart of accounts for the corning 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 3 of the journal contains the following entry: description post. ref. debit credit prepaid insurance 1,530 cash 1,530 what is the posting reference that will be found in the prepaid insurance account? a.15 b.3 c.13 d.11

The partnership of douglas, ryan, and ellen has dissolved and is in the process of liquidation. on july 1, 2016, just before the second cash distribution, the assets and equities of the partnership along with profit and loss sharing ratios were as follows: cash $30,000receivable - net $20,000inventories $25,000equipment - net $30,000total assets $80,000liabilities $12,000douglas, capital (20%) $28,000ryan, capital (50%) $24,000ellen, capital (30%) $16,000total liab./equity $80,000assume that the available cash is distributed immediately, except for a $2,000 contingency fund that is withheld pending complete liquidation of the partnership. how much cash should be paid to each of the partners? a. $3,200 douglas, $8,000 ryan, $4,800 ellenb. $5,600 douglas, $14,000 ryan, $8,400 ellenc. $16,000 douglas, $0 ryan, $0 ellend. $8,000 douglas, $0 ryan, $8,000 ellen