Identify each of the following items relating to sections of an income statement as Revenue from Sales

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Identify each of the following items relating to sections of an income statement as Revenue from Sales (S), Cost of Goods Sold (CGS), Selling Expenses (SE), General Expenses (GE), Other Income (OI), or Other Expense

(OE).

a. Advertising Expense

b. Rent Expense

c. Purchases Discount

d. Sales Returns and Allowances

e. Interest Income

f. Ereight In g. Depreciation Expense, Building h. Interest Expense i. Insurance Expense j. Delivery Expense P.O. 1 Classify income statement accounts.

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College Accounting Chapters 1-26

ISBN: 9780395796993

6th Edition

Authors: Douglas J. McQuaig, Patricia A. Bille

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