14. When you pay insurance in advance, this is classified as a in) a. Accounts Payable b. Prepaid Asset c. Revenue d. Expense e. None 15. What accounts are listed on the balance sheet? a. Temporary accounts b. Income Statement accounts c. Permanent accounts d. All of the above e None 16. What accounts are listed on the Income Statement? a. Permanent accounts b. Temporary accounts c. Liabilities d Assets e. None 17. What effect does Revenue have on the accounting equation? a. It increases liabilities b. It decreases Owner's Equity c. It increases Owner's Equity d. It decreases Assets e. None 18. Which of the following is not a temporary account a Accounts Receivable b. Revenue c Rent Expense d. Insurance Expense e None 19. Which of the following is not a permanent account: a Cash b. Receivables c. Owner's Draw d. Inventory e. None 20. Which account is not a fixed asset: a Trucks b. Office Supplies C Building d. Office Equipment e None