Question: For each account listed below, indicate whether it is a nominal account or a permanent account and identify the normal balance of the account (debit
For each account listed below, indicate whether it is a nominal account or a permanent account and identify the normal balance of the account (debit or credit). Select your answer by clicking in the drop down box to the right of each account. Answer choices may be used once, more than once, or not at all.
1. prepaid rent
2. loss on sale of land
3. notes payable
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