Current Attempt in Progress

The income statement of Crane Company for the month of July shows net income of $$2,160$ based on Service Revenue $$5,940,$ Salaries and Wages Expense $$2,268,$ Supplies Expense $$972,$ and Utilities Expense $$540.$ In reviewing the statement, you discover the following:

Insurance expired during July of $$378$ was omitted.

Supplies expense includes $$216$ of supplies that are still on hand at July $31.$

Depreciation on equipment of $$162$ was omitted.

Accrued but unpaid wages at July $31$ of $$386$ were not included.

Services performed but unrecorded totaled $$756.$

Prepare a correct income statement for July $2022.$

CRANE COMPANY

Income Statement

For the Month Ended July $31,2022$

Prepare a correct income statement for July $2022.$

CRANE COMPANY

Income Statement

For the Month Ended July $31,2022$

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Total Expenses