Question 1.16 Which of the following is not an example of an expense account? Wages expense O Advertising expense O Prepaid insurance expense Rent expense Question 1.17 Expenses are: incurred only when cash is paid. increases to owner's equity. costs incurred to generate revenues. Orecorded as credits in journal entries. Question 1.18 Revenue accounts would include all of the following except: services revenue. gain on sale of assets. unearned revenue. O interest revenue.