Question

the following transactions occurred for ward technology solutions:
view the transactions. view the journal entries.
read the requirement. (compute the new balance for each account after post transaction.)
performed services on account.
may 19: paid rent expense for the month, $1,500. post to the four-column account step. in the next step, complete the posting reference column.
cash account # 110
date posting reference debit credit balance debit credit
may 1 j10 100,000 100,000
may 4 j10 57,000 43,000
may 6 j10 2,100 45,100
may 9 j10 250 44,850
may 19 j10 1,500 43,350
rent expense account # 510
date posting reference debit credit balance debit credit
may 19 j10 1,500 1,500
date accounts and explanation debit credit
may 19 rent expense 1,500
cash 1,500
paid cash expenses.

Explanation:

Identify the required posting reference for Cash

$$ \text{Cash Account Number} = 110 $$

Identify the required posting reference for Rent Expense

$$ \text{Rent Expense Account Number} = 510 $$

Answer:

In the next step, complete the Posting Reference column:
For Rent Expense, the Posting Reference is <blank>510</blank>.
For Cash, the Posting Reference is <blank>110</blank>.