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In the First Space Below,indicate Whether Each Account Is a Real

Question 10

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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 Expense1. Prepaid Insurance2. Service Fees3. Depreciation Expense4. Accumulated Depreciation5. Salaries Payable6. Prepaid Rent7. Income Summary8. Insurance Expense\begin{array}{c}\begin{array}{lll}\underline{\text { N }}\\----\\----\\----\\----\\----\\----\\----\\----\\----\\\\\end{array}\begin{array}{lll}\underline{\text { X }}\\----\\----\\----\\----\\----\\----\\----\\----\\----\\\\\end{array}\begin{array}{lll} \text {0. Advertising Expense}\\ \text {1. Prepaid Insurance}\\ \text {2. Service Fees}\\ \text {3. Depreciation Expense}\\ \text {4. Accumulated Depreciation}\\ \text {5. Salaries Payable}\\ \text {6. Prepaid Rent}\\ \text {7. Income Summary}\\ \text {8. Insurance Expense}\end{array}\end{array}

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1. R
2. Nblured imageblured imageX...

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