- Question 19 (1 point) Prepaid expenses are classified as liabilities on the balance sheet. True False
- Question 31 (1 point) A trial balance is prepared to check the accuracy of the ledger accounts. True False
- Question 30 (1 point) The owner's capital account is increased by the owner's withdrawals. True False
- Question 29 (1 point) Accounts payable is an asset account. True False
- Accumulated depreciation is a contra asset account. True False 1 point
