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World Services Inc Prepare an Income Statement Through Operating Income for the Month

Question 103

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World Services Inc. has provided the following information pertaining to the month ended October 31, 2014:  Sales revenue $100,000 Supplies expense $1,500 Interest expense 6,900 Rent expense 4,000 Cost of goods sold 60,000 Salaries expense 9,500 Dividends paid 5,000 Utilities expense 1,100 Advertising expense 4,500 Loss on sale of land 3,200 Dividends declared 7,100 Income tax expense 3,800 Unearned revenues 6,100\begin{array} { | l | r | l | l | r | } \hline \text { Sales revenue } & \$ 100,000 & & \text { Supplies expense } & \$ 1,500 \\\hline \text { Interest expense } & 6,900 & & \text { Rent expense } & 4,000 \\\hline \text { Cost of goods sold } & 60,000 & & \text { Salaries expense } & 9,500 \\\hline \text { Dividends paid } & 5,000 & & \text { Utilities expense } & 1,100 \\\hline \text { Advertising expense } & 4,500 & & \text { Loss on sale of land } & 3,200 \\\hline \text { Dividends declared } & 7,100 & & \text { Income tax expense } & 3,800 \\\hline \text { Unearned revenues } & 6,100 & & & \\\hline\end{array} Prepare an income statement through operating income for the month ended October 31, 2014.

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