Classify the accounts listed below as real (permanent) or nominal

(temporary), and indicate whether or not each account is closed. Also, indicate the financial statement in which each account will appear. The Building account is given as an example.

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Closed Balance Income Account Title Real Nominal Yes No Sheet Statement 0. Example: Building X X X a. Rent Expense X . b. Prepaid Insurance Y c. Accounts Payable d. Supplies Expense e. Accumulated Depreciation, Equipment f. Wages Payable g. Income from Fees x . X X 1. X