Permanent versus Temporary Accounts For each of the following, indicate whether the account is classified as a permanent or temporary account:

. Capital Stock.

. Prepaid Insurance.

. Wage Expense.

. Retained Earnings.

. Cost of Goods Sold.

. Unearned Rent Income.

. Gain on Sale of Land.

. Accumulated Depreciation.

. Notes Payable.

. Sales Revenue. @ Ses arte) Gs 4 ey eo