I can't get this to come out right!

E4-12, Prepare a correct income statement.

The income statement of Garska Co. for the month of July shows net income of

$2,000

based on Service Revenue

$5,500

; Salaries and Wages Expense

$2,100

; Supplies Expense

$900

, and Utilities Expense

$500

In reviewing the

statement, you discover the following:

1.

Insurance expired during July of

$350

was omitted.

2.

Supplies expense includes

$200

of supplies that are still on hand at July 31.

3.

Depreciation on equipment of

$150

was omitted.

4.

Accrued but unpaid wages at July 31 of

$360

were not included.

5.

Revenue earned but unrecorded totaled

$700

Instructions:

Prepare a correct income statement for July 2014.

GARSKA CO.

Income Statement

For the Month Ended July 31, 2014

Revenues

Account title

Amount

Expenses

Account title

Amount

Account title

Amount

Account title

Amount

Account title

Amount

Account title

Amount

Total expenses

Formula

Net income

Formula