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Current Attempt in Progress The income statement of Indigo Co. for the month of July shows net income of $4,000 based on Service Revenue
Current Attempt in Progress The income statement of Indigo Co. for the month of July shows net income of $4,000 based on Service Revenue $7,750, Salaries and Wages Expense $2,140, Supplies Expense $960, and Utilities Expense $650. In reviewing the statement, you discover the following: 1. Insurance expired during July of $530 was omitted. 2. Supplies expense includes $360 of supplies that are still on hand at July 31. 3. Depreciation on equipment of $180 was omitted. 4. Accrued but unpaid wages at July 31 of $380 were not included. 5. Services performed but unrecorded totaled $800. Prepare a correct income statement for July 2025. INDIGO CO. Income Statement " Prepare a correct income statement for July 2025. INDIGO CO. Income Statement $ AA
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