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II. Adjustments: The income statement of Rocket Co. for the month of July includes Service Revenue $7,410; Wages Expense $2,300; Supplies Expense $1,200, and
II. Adjustments: The income statement of Rocket Co. for the month of July includes Service Revenue $7,410; Wages Expense $2,300; Supplies Expense $1,200, and Insurance Expense $1,000. In reviewing the statement, you discover the following: 12345 3. 4. Insurance expired during July of $900 was omitted. Supplies Expense does not include the $200 bill for July copying services. Depreciation on equipment of $250 was omitted. Accrued but unpaid wages at July 31 of $400 were not included. Service Revenue includes $900 that Rocket Co will perform next month. Requirements: Determine the following account balances AFTER adjustments. You must circle your answer/number to receive credit. (12 points) 000,281 1. Insurance expenses: (2 pts) 2. Supplies expense: (2 pts) 3. Depreciation expense: (2 pts) 4. Wages expense: (2 pts) 5. Service revenue: (2 pts) 6. What is the net income after those adjustments? (2 pts)
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