In the First Space Below, Indicate Whether Each Account Is

question 61

Essay

In the first space below, indicate whether each account is a real or nominal account using (R) Real Account and (N) Nominal Account. In the second space below, indicate by an (X) if the account should be closed.

N	X	0. Advertising Expense
________	________	1. Prepaid Insurance
________	________	2. Service Fees
________	________	3. Depreciation Expense
________	________	4. Accumulated Depreciation
________	________	5. Salaries Payable
________	________	6. Prepaid Rent
________	________	7. Income Summary
________	________	8. Insurance Expense

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Definitions:

Ghost Dance

A spiritual movement that emerged among Native American tribes in the late 19th century, promising the restoration of their lands and way of life through an apocalyptic event.

Federal Government

The national government of a federal country, which holds the authority to govern the nation as a whole, in contrast to state or local governments.

Common Crop

A plant or agricultural product that is widely grown and harvested for food, feed, fuel, and other uses in a particular region or country.

Christianizing

The process of converting individuals or groups to Christianity.