Real and Nominal Accounts Classify each of the following accounts as either a real account (R) or a nominal account (N):

1. Cash 14. Prepaid Salaries 2. Sales Revenue 15. Utilities Expense 3. Accounts Receivable 16. Notes Payable 4. Cost of Goods Sold 17. Inventory 5. Prepaid Insurance 18. Property Tax Expense 6. Capital Stock 19. Rent Expense 7. Retained Earnings 20. Interest Payable 8. Insurance Expense 21. Income Taxes Payable 9. Salaries Payable 22. Dividends 10. Interest Expense 23. Buildings 11. Insurance Premiums Payable 24. Office Supplies 12. Salaries Expense 25. Income Tax Expense 13. Accounts Payable