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Question 2 of 7 < View Policies Current Attempt in Progress -15 E The income statement of Carla Vista Co. for the month of
Question 2 of 7 < View Policies Current Attempt in Progress -15 E The income statement of Carla Vista Co. for the month of July shows net income of $3,530 based on Service Revenue $7,880, Salaries and Wages Expense $2,860, Supplies Expense $980, and Utilities Expense $510. In reviewing the statement, you discover the following: 1 Insurance expired during July of $440 was omitted. 2. Supplies expense includes $320 of supplies that are still on hand at July 31. 3. Depreciation on equipment of $160 was omitted. 4. Accrued but unpaid wages at July 31 of $430 were not included. 5. Service performed but unrecorded totaled $750. Prepare a correct income statement for July 2017. CARLA VISTA CO. Income Statement For the Year Ended July 31, 2017 Revenues Service Revenue
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