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The income statement of benning co for the month of july

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The income statement of Benning Co. for the month of July shows net income of $1,400 based on Service Revenue $5,500, Wages Expense $2,300, Supplies Expense $1,200, and Utilities Expense $600. In reviewing the statement, you discover the following.

  • Insurance expired during July of $400 was omitted.
  • Supplies expense includes $200 of supplies that are still on hand at July 31.
  • Depreciation on equipment of $150 was omitted.
  • Accrued but unpaid wages at July 31 of $300 were not included.
  • Services provided but unrecorded totaled $500.

Instructions: Complete the correct income statement for July 2010. (List amounts from largest to smallest eg 10, 5, 3, 2.)

Reference no: EM13600843

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