Identify the Correct Classification for the Following 4 Ledger Accounts

Multiple Choice

Identify the correct classification for the following 4 ledger accounts in the chart of accounts:
1.prepaid insurance
2.accrued wages
3.Depreciation
4.cost of goods sold

A) 1 expense, 2 liability, 3 expense, 4 expense
B) 1 asset, 2 liability, 3 expense, 4 expense
C) 1 asset, 2 liability, 3 expense, 4 asset
D) 1 asset, 2 liability, 3 liability, 4 revenue.