The income statement of Petra’s Pest Control for the month of August 2024 shows a profit of $6800 based on:

In reviewing the statement, you discover the following:
1. Depreciation on equipment of $460 was omitted.
2. Supplies expense includes $320 of supplies that are still on hand at 31 August.
3. Insurance expired during August of $400 was omitted.
4. Accrued wages at 31 August amounting to $260 were not included.
5. Services provided but unrecorded totalled $1600.
Required

(a) Prepare a corrected income statement for the month of August 2024.

Transcribed Image Text:

Services revenue Wages expense Supplies expense Electricity expense $15200 6 400 1 100 900