In the following General Journal transaction,to what do the numbers 101 and 301 refer? $$\begin{array} { | l | c | l | c | c | c | }
\hline \text { Nov } & 1 & \text { Cash } & 101 & 15,000 & \
\hline & & \text { A. Stockwell, Capital } & 301 & & 15,000 \
\hline
\end{array}$$

Question

In the following General Journal transaction,to what do the numbers 101 and 301 refer? $$\begin{array} { | l | c | l | c | c | c | } 
\hline \text { Nov } & 1 & \text { Cash } & 101 & 15,000 & \
\hline & & \text { A. Stockwell, Capital } & 301 & & 15,000 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The numbers 101 and 301 in the transaction refer to the General Ledger account numbers. 101 typically refers to the Cash account and 301 refers to the Capital account.

In the Following General Journal Transaction,to What Do the Numbers