Income Statement accounts SI ACCT. 284

Directions: State whether the account would be a revenue or expense account Example: Sales Revenue – It would be a revenue account

Sales Revenue

Sales Revenue - Revenue

Interest Revenue

Interest Revenue - Revenue

Cost of Goods Sold

Cost of Goods Sold – Expense

Interest Expense

Interest Expense - Expense

Dividend Revenue

Dividend Revenue - Revenue

Advertising Expense

Advertising Expense – Expense

Insurance Expense

Insurance Expense - Expense

Salaries and Wages Expense

Salaries and Wages Expense - Expense

Rent Revenue

Rent Revenue - Revenue