In the first space below, indicate whether each account is a real or nominal account using (R) Real Account and (N) Nominal Account. In the second space below, indicate by an (X) if the account should be closed.
N | X | 0. Advertising Expense |
________ ________ | 1. Prepaid Insurance |
________ ________ | 2. Service Fees |
________ ________ | 3. Depreciation Expense |
________ ________ | 4. Accumulated Depreciation |
________ ________ | 5. Salaries Payable |
________ ________ | 6. Prepaid Rent |
________ ________ | 7. Income Summary |
________ ________ | 8. Insurance Expense |