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Unformatted text preview: * Dividend Revenue A084 4 Revenue and Expense Account Names (cont.) )- Expenses .. Cost of goods sold .. Repairs and maintenance expense .. Advertising expense ... Depreciation and amortization expense ... Insurance expense .. Salaries and wages expense .. Rent expense .. Supplir;a expense .. Transportation expense .. Utilities expense .. Interest expense .. Income tax expense Income Statement Principles )0-Revenue: revenues are recognized when they are earned, usually at the point of sale. )-Matching: requires that expenses be matched into the period in which the related revenue is recognized 6 0.11(1,3 C!I""J...
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