Which of the following accounts would appear in the income statement credit column?
A)Service Revenue
B)Prepaid Insurance
C)Unearned service revenue
D)Depreciation Expense

Question

Quizplus · Accepted Answer

Service Revenue is a revenue account, and all revenue accounts appear in the credit column of the income statement. Prepaid Insurance and Unearned Service Revenue are both balance sheet accounts, and Depreciation Expense is an expense account, which appears in the debit column of the income statement.

Which of the Following Accounts Would Appear in the Income