Which of the following adjusted balances would appear in the balance sheet credit column of a worksheet?
A)Equipment
B)Salary payable
C)Insurance expense
D)Rent revenue

Question

Quizplus · Accepted Answer

Salary payable is a liability account, and as such, its balance would appear in the credit column of the balance sheet section of the worksheet. Equipment, Insurance expense, and Rent revenue are all either assets or expenses, and therefore their balances would appear in the debit column of the worksheet.

Which of the Following Adjusted Balances Would Appear in the Balance