"Exercise 4-13 Your answer is partially correct. Try again. The income statement of Pharoah Company for the month of July shows net income of $3,180 based on Service Revenue $7,180, Salaries and Wages Expense $2,510, Supplies Expense $940, and Utilities Expense $550. In reviewing the statement, you discover the following: 1. Insurance expired during July of $470 was omitted. 2. Supplies expense includes $300 of supplies that are still on hand at July 31 3. Depreciation on equipment of $160 was omitted. 4. Accrued but unpaid wages at July 31 of $480 were not induded. 5. Service performed but unrecorded totaled $690 Prepare a correct income statement for July 2017. PHAROAH COMPANY For the Month Ended July 31, 201 Revenues Service Revenue Expenses Salaries and Wages Expe nse Supplies Expense Utilities Expense 550 Net Income/ (Loss) Question Attempts: 6 of 15 used