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