LCULA VERSION BAC NEXT Exercise 4-13 The income statement of Crane Company for the month of July shows net income of $3,480 based on Service Revenue $7,700, Salaries and Wages Expense $2,640, Supplies Expense $990, and Utilities Expense $590. In reviewing the statement, you discover the following: 1. Insurance expired during July of $370 was omitted. 2. Supplies expense includes $350 of supplies that are still on hand at July 31 3. Depreciation on equipment of $290 was omitted 4. Accrued but unpaid wages at July 31 of $480 were not included 5. Service performed but unrecorded totaled $600 Prepare a correct income statement for July 2017 CRANE COMPANY Income Statement SHOW LIST OF ACCOUNTS SHOW SOLUTION LINK TO TEXT LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR EXERCISE