Need help with accounting problem please. =)?

Question

The following lettered items represent a classification scheme for a multistep income statement. In the blank next to each account, write the letter indicating to which category it belongs.

a. Revenue

b. Cost of goods sold

c. Selling expenses

d. General and administrative expenses

e. Other revenues and expenses

f. Not on income statement

_____1. Interest Income

_____2. Accumulated Depreciation

_____3. Inventories

_____4. Company President’s Salary

_____5. Interest Expense

_____6. Freight-Out Expense

____7. Interest Receivable

Answer 1

__e__1. Interest Income

__f__2. Accumulated Depreciation

__f__3. Inventories

__d__4. Company President’s Salary

__e__5. Interest Expense

__c__6. Freight-Out Expense

__f_7. Interest Receivable