The income statement of Leno Co. for the month of July shows net income of

$1,500 based on Service Revenue $5,500; Wages Expense $2,300; Supplies Expense $900, and Utilities Expense $800. In reviewing the statement, you discover the following:

. Insurance expired during July of $350 was omitted.

. Supplies expense includes $400 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.

wm & Ww NY _ Revenue earned but unrecorded totaled $900.

Instructions Prepare a correct income statement for July 2007.