Which of the following accounts would appear in the balance sheet debit column?
A)Unearned Revenue
B)Accumulated Depreciation
C)Service Revenue
D)Prepaid Insurance

Name: Which of the following accounts would appear in the balance sheet debit column? A)Unearned Revenue B)Accumulated Depreciation C)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