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

question 110

Essay

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

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Definitions:

Lockheed Martin

A global aerospace, defense, security, and advanced technologies company.

Durability

The ability of an object or material to withstand wear, pressure, or damage.

Rewards Motivate

Rewards motivate refers to the concept that providing incentives or benefits can encourage individuals to perform desired actions or behaviors.

Ability Rewards

Compensation or recognition given to individuals based on their skills, talents, or competencies.