Expenses were incurred by merchandising business

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Reference no: EM13864842

The following expenses were incurred by a merchandising business during the year. In which expense section of the income statement should each be reported: (a) selling, (b) administrative, or (c) other?

Advertising expense

Depreciation expense on store equipment

Insurance expense on office equipment

Interest expense on notes payable

Rent expense on office building

Salaries of office personnel

Salary of sales manager

Sales supplies used

Reference no: EM13864842

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