Which of these accounts would appear in the Balance Sheet columns of the end-of-period spreadsheet?
A) Consulting Revenue
B) Prepaid Insurance
C) Rent Expense
D) Fees Earned

Question

Quizplus · Accepted Answer

Prepaid Insurance is an asset account that would appear in the Balance Sheet columns of the end-of-period spreadsheet. Consulting Revenue, Rent Expense, and Fees Earned are all income statement accounts that would appear in the Income Statement columns.

Which of These Accounts Would Appear in the Balance Sheet