Which of the following adjusted balances would appear in the balance sheet credit column of a worksheet?
A) Rent Revenue
B) Insurance Expense
C) Salaries Payable
D) Equipment

Question

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Salaries Payable would appear in the balance sheet credit column as it represents a liability that the company owes to its employees, which is recorded as a credit balance on the balance sheet. The other accounts listed (Rent Revenue, Insurance Expense, and Equipment) would not appear in the balance sheet credit column as they are either revenue or expense accounts that affect the income statement, or asset accounts that would appear in the balance sheet debit column.

Which of the Following Adjusted Balances Would Appear in the Balance