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

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