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Exercise 4-13 The income statement of Pharoah Company for the month reviewing the statement, you discover the following: July shows net income of $3,780 based
Exercise 4-13 The income statement of Pharoah Company for the month reviewing the statement, you discover the following: July shows net income of $3,780 based on Service Revenue $8,460, Salaries and Wages Expense $3,090, Supplies Expense $960, and Utilities Expense $630. In 1. 2. 3. Insurance expired during July of $440 was omitted. Supplies expense includes $360 of supplies that are still on hand at July 31. Depreciation on equipment of $330 was omitted. Accrued but unpaid wages at July 31 of $430 were not included. Services performed but unrecorded totaled $720. 4. 5. Prepare a correct income statement for July 2017. PHAROAH COMPANY Income Statement $ $ $
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