Question

Which choice below shows all accounts that appear on the balance sheet? Multiple Choice Owner's Capital, Prepaid Insurance, Unearned Revenue, and Accumulated Depreciation Owner's Withdrawals, Service Revenue, Supplies, and Unearned Revenue Cost of Goods Sold, Land, Accounts Payable, and Sales Discounts

Answer 1

The answer is:

. Owner's Capital

2. Prepaid Insurance

3. Unearned Revenue

4. Accumulated Depreciation

5. Land

6. Accounts Payable

Step-by-step explanation:

Balance sheet also known financial position of a business contains asset, liability and equity.

The following accounts(from the question) will be found in the balance sheet.

1. Owner's Capital( Found under Equity)

2. Prepaid Insurance( under asset)

3. Unearned Revenue(under liability)

4. Accumulated Depreciation(under asset)

5. Land(under asset)

6. Accounts Payable(under liability)