1. The income statement of Bjorn ASA for the month of July shows net income of 2,841 based on Service Revenue 6,939, Salaries and Wages Expense 2,317, Supplies Expense 1,219, and Utilities Expense 562. In reviewing the statement, you discover the following. Insurance expired during July of 435 was omitted. 2. Supplies expense includes c252 of supplies that are still on hand at July 31. 3. Depreciation on equipment of C269 was omitted. Accrued but unpaid salaries and wages at July 31 of 481 were not included. 5. Services performed but unrecorded totaled 851. Prepare a correct income statement for July 2017. . BJORN ASA Income Statement W Wow Advertising Company's trial balance at December 31 shows Supplies 7,006 and Supplies Expense 0. On December 31, there are 2,818 of supplies on hand. Prepare the adjusting entry at December 31 and, using T-accounts, enter the balances in the accounts, post the adjusting entry, and indicate the adjusted balance in each account. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation Dec. 31 Supplies Supplies Expense