Encanto Properties, Inc., uses the accounts listed below.
A. Prepaid Insurance
B. Retained Earnings
C. Accumulated Depreciation
D. Wages Expense
E. Commissions Revenue
F. Interest Payable
G. Supplies
H. Insurance Expense
I. Unearned Rent
J. Prepaid Advertising
K. Notes Payable
L. Cost of Goods Sold
M. Machinery
N. Owners’ Capital
O. Accounts Receivable
P. Bonds Payable
Q. Supplies Expense
R. Depreciation Expense

Required
(a) For each account above, indicate whether it is an asset, liability, owners’ equity, revenue, or expense account.
(b) Indicate whether the account is closed at the end of the fiscal year.