Which of the following accounts would not appear in the Balance Sheet columns of the end-of-period spreadsheet?
A) Terry James, Drawing
B) Service Revenue
C) Unearned Revenue
D) Terry James, Drawing and Unearned Revenue

Question

Quizplus · Accepted Answer

Service Revenue would appear in the Income Statement column, not in the Balance Sheet columns. The accounts that appear in the Balance Sheet columns are assets, liabilities and equity accounts. Terry James, Drawing and Unearned Revenue are both equity accounts that would appear in the Balance Sheet columns.

Which of the Following Accounts Would Not Appear in the Balance