Question: 7. Indicate whether each of the items below is a real or nominal account and whether it appears in the statement of financial position or

7. Indicate whether each of the items below is a real or nominal account and whether it appears in the statement of financial position or the income statement.

a. Prepaid Rent.

b. Salaries and Wages Payable.

c. Inventory.

d. Accumulated Depreciation—Equipment.

e. Equipment.

f. Service Revenue.

g. Salaries and Wages Expense.

h. Supplies.

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