EXERCISE 5-1 (temporary) and indic ISE 5-1 Classify the following accounts as real (permanent) or nominal rary) and indicate with an X whether the account is closed. Also indicate the al statement in which each account will appear. The Building account is given as an example. Closed Income Statement Real Nominal Yes No Balance Sheet Account Title 0. Example: Building a. Prepaid Insurance b. Accounts Payable c. Wages Payable d. Services Revenue e. Rent Expense f. Supplies Expense g. Accum. Depr., Equipment