1) World Coffee, Incorporated has provided the following information pertaining to the store's month ended October 31, 2022: Sales revenue Interest expense Cost of goods sold Dividends paid Advertising expense Dividends declared Unearned revenues $100,000 6,900 60,000 5,000 4,500 7,100 6,100 Supplies expense Rent expense Wages expense Utilities expense Loss on sale of coffee equipment Income tax expense $1,500 4,000 9,500 1,100 3,200 3,800 Prepare an income statement through income from operations for the month ended October 31, 2022.

1) World Coffee, Incorporated has provided the following information pertaining to the store's month ended October 31, 2022: Sales revenue Interest expense Cost of goods sold Dividends paid Advertising expense Dividends declared Unearned revenues $100,000 6,900 60,000 5,000 4,500 7,100 6,100 Supplies expense Rent expense Wages expense Utilities expense Loss on sale of coffee equipment Income tax expense $1,500 4,000 9,500 1,100 3,200 3,800 Prepare an income statement through income from operations for the month ended October 31, 2022.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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