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

Question

Quizplus · Accepted Answer

Prepaid insurance is an asset account and would appear in the balance sheet debit column. The other options are liability (unearned service revenue) and contra asset (accumulated depreciation) accounts that would appear in the balance sheet credit column, while service revenue is a revenue account that would not appear in either the balance sheet debit or credit columns.

Which of the Following Accounts Would Appear in the Balance