Which of the following accounts would appear in the balance sheet debit column?
A)Accumulated depreciation
B)Service revenue
C)Unearned service revenue
D)Prepaid insurance

Name: Which of the following accounts would appear in the balance sheet debit column? A)Accumulated depreciation B)Service revenue C)Unearned service revenue D)Prepaid insurance
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Question

Quizplus · Accepted Answer

Prepaid insurance is an asset account and appears in the balance sheet debit column as it represents a future economic benefit.

Which of the Following Accounts Would Appear in the Balance