Which of the following 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 and Fees Earned are revenue accounts that would appear in the Income Statement columns of the end-of-period spreadsheet. Rent Expense is an expense account that would also appear in the Income Statement columns of the end-of-period spreadsheet.

Which of the Following Accounts Would Appear in the Balance