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Plzz Current Attempt in Progress The income statement of Wildhorse Co. for the month of July shows net income of $3,500 based on Service Revenue
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Current Attempt in Progress The income statement of Wildhorse Co. for the month of July shows net income of $3,500 based on Service Revenue $8,040, Salaries and Wages Expense $2.930. Supplies Expense $950 and Utilities Expense $660. In reviewing the statement, you discover the following 1 2. 3. Insurance expired during July of $540 was omitted. Supplies expense includes $390 of supplies that are still on hand at July 31. Depreciation on equipment of $280 was omitted. Accrued but unpaid wages at July 31 of $390 were not included. Service performed but unrecorded totaled $780. 4. . 5. Prepare a correct income statement for July 2022. Income Statement Step by Step Solution
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