Answer Happy

Prepaid Insurance Type of Account Appears on Which Financial Statement Normal Balance Is the Account Closed? A Asset Balance Sheet Credit No Asset Balance Sheet Debit No Expense Income Statement Credit Yes Expense Income Statement Debit Yes None of the above Questions Filter (24) Y

Retained Earnings Type of Account Appears on Which Financial Statement Normal Balance Is the Account Closed? Equity Balance Sheet Credit Yes Equity Balance Sheet Credit No Equity Income Statement Credit Yes Equity Income Statement Credit No (E) None of the above Questions Filter (24)