4 of 5 16C Mostly sunny C Michael Green St. X + Page view A Read aloud | Add text Draw Highlight Erase 14. When you pay insurance in advance, this is classified as a (n) a. Accounts Payable b. Prepaid Asset c. Revenue d. Expense e. None 15. What accounts are not listed on the balance sheet? a. Temporary accounts b. Income Statement accounts Permanent accounts c. d. All of the above e. None 16. What accounts are not listed on the Income Statement? a. Permanent accounts b. Temporary accounts c. Liabilities d. Assets e. None 17. What effect do Expenses 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 a temporary account a. Accounts Receivable b. Inventory 50 6:45 PM 3/21/2022