Extra Problems 1 The following is a list of some accounts used by a business. 1. Marketable Securities 11. Owner's Drawing 2. Repairs and Maintenance 12. Building 3. Accounts Payable 13. Office Supplies Inventory 4. Advertising Expense 14. Wages and Benefits 5. Interest Expense 15. Depreciation Expense 6. Prepaid Insurance 16. Owner's Equity 7. Rooms Revenue 17. Income Summary 8. Cash 18. Insurance Expense 9. Mortgage Payable 19. Office Supplies Expense 10. Utilities Expense 20. Accumulated Depreciation Required: For each account, state: a. Which type of account it is (permanent, temporary, clearing). b. Whether it is closed during closing entries. If so, state to which account it is closed