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6- The income statement of Zhou Ltd. for the month of July shows net income of NT$140,000 based on Service Revenue NT$550,000, Salaries and Wages

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6- The income statement of Zhou Ltd. for the month of July shows net income of NT$140,000 based on Service Revenue NT$550,000, Salaries and Wages Expense NT$230,000, Supplies Expense NT$120,000, and Utilities Expense NT$60,000. In reviewing the statement, you discover the following. . 1. Insurance expired during July of NT$45,000 was omitted. 2. Supplies expense includes NT$30,000 of supplies that are still on hand at July 31. 3. Depreciation on equipment of NT$18,000 was omitted. .4. Accrued but unpaid salaries and wages at July 31 of NT$40,000 were not included. .5. Services performed but unrecorded totaled NT$60,000. Instructions Prepare a correct income statement for July 2017

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