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The following information is available from previously prepared budgets for the upcoming month: Sales Revenue $700,000 Commissions Expense 5,000 Rent Expense 10,000 Depreciation Expense 3,000
The following information is available from previously prepared budgets for the upcoming month:
| Sales Revenue | $700,000 |
| Commissions Expense | 5,000 |
| Rent Expense | 10,000 |
| Depreciation Expense | 3,000 |
| Cost of Goods Sold | 250,000 |
| Insurance Expense | 2,000 |
| Interest Expense | 1,000 |
Prepare a budgeted income statement for the upcoming month.
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Intermediate Accounting IFRS Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
2nd Edition
1118443969, 978-1118443965
