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Classify the following accounts as real (permanent) or nominal (temporary) and indicate with an X whether the account is closed. Also indicate the financial statement in which each account will appear. The Building account is given as anexample. Closed Income

Classify the following accounts as real (permanent) or nominal (temporary) and indicate with an X whether the account is closed. Also indicate the financial statement in which each account will appear. The Building account is given as anexample.

Classify the following accounts as real (permanent) or nominal (temporary)
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Closed Income Account Title Real Nominl Yes No Statement Balance Sheet 0. Example Building a. Prepaid Insurance b. Accounts Payable c. Wages Payable d. Services Revenue e. Rent Expense E Supplies Expense g. Accum. Depr., Equipment

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College Accounting

College Accounting

ISBN: 978-1111528126

11th edition

Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille

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Posted Date: October 21, 2014 02:15:56
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