Le Id=14401484 Sat, Jul 4, 2020, 7:59:14 PM (America/Los Angeles -07:00) Question 9 View Policies Current Attempt in Progress The income statement of Sheridan Company for the month of July shows net income of $2,300 based on Service Revenue $6,400, Salaries and Wages Expense $2,100, Supplies Expense $1,400, and Utilities Expense $600. In reviewing the statement, you discover the following 1. Insurance expired during July of $500 was omitted, 2. Supplies expense includes $250 of supplies that are still on hand at July 31. 3. Depreciation on equipment of $250 was omitted. 4. Accrued but unpaid salaries and wages at July 31 of $400 were not included. 5. Services performed but unrecorded totaled $700. Prepare a correct income statement for July 2020. Sheridan Company Income Statement $ Income Statement $ LO Question 9 View Policies Current Attempt in Progress The income statement of Sheridan Company for the month of July shows net income of $2,300 based on Service Revenue $6,400, Salaries and Wages Expense $2,100, Supplies Expense $1,400, and Utilities Expense $600. In reviewing the statement, you discover the following 1. Insurance expired during July of $500 was omitted. 2. Supplies expense includes $250 of supplies that are still on hand at July 31. 3. Depreciation on equipment of $250 was omitted. 4. Accrued but unpaid salaries and wages at July 31 of $400 were not included. 5. Services performed but unrecorded totaled $700. Prepare a correct income statement for July 2020. Sheridan Company Income Statement $