The following expenses were incurred by a retail business during the year. Classify whether they should be reported on the income statement as a (1) selling expense, (2) administrative expense, or (3) other.
(a) Advertising expense
(b) Depreciation expense on office equipment
(c) Rent expense on office building
(d) Salary expense of sales manager
(e) Commissions expense paid to sales staff
(f) Interest expense on notes payable
(g) Salary expense of office staff
(h) Office supplies expense

Question

The following expenses were incurred by a retail business during the year. Classify whether they should be reported on the income statement as a (1) selling expense, (2) administrative expense, or (3) other.​
(a) Advertising expense
(b) Depreciation expense on office equipment
(c) Rent expense on office building
(d) Salary expense of sales manager
(e) Commissions expense paid to sales staff
(f) Interest expense on notes payable
(g) Salary expense of office staff
(h) Office supplies expense

Quizplus · Accepted Answer

The Answer of The following expenses were incurred by a retail business during the year. Classify whether they should be reported on the income statement as a (1) selling expense, (2) administrative expense, or (3) other.​
(a) Advertising expense
(b) Depreciation expense on office equipment
(c) Rent expense on office building
(d) Salary expense of sales manager
(e) Commissions expense paid to sales staff
(f) Interest expense on notes payable
(g) Salary expense of office staff
(h) Office supplies expense

The Following Expenses Were Incurred by a Retail Business During