Tell whether each of the following accounts is part of net sales, cost of goods sold, operating

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Tell whether each of the following accounts is part of net sales, cost of goods sold, operating expenses, or other revenues and expenses, or is not on the income statement:

1. Delivery Expense

2. Interest Expense

3. Unearned Revenue

4. Sales Returns and Allowances

5. Cost of Sales

6. Depreciation Expense

7. Investment Income

8. Owner’s Capital

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Principles of Accounting

ISBN: 978-1439037744

11th Edition

Authors: Needles, Powers, crosson

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Question Posted: Feb 23, 2012 12:34 AM

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Tell whether each of the following accounts is part of net sales, cost of goods sold, operating

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1 Operating expenses 2 Other revenues and expense...View the full answer

Principles of Accounting

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