, The income statement of Benning Co. for the month of July shows net income of								$1.400
based on
	Service Revenue		$5.500		Supplies Expense		$1.200
	Wages Expense		$2.300		Utilities Expense		$600
In reviewing the statement, you discover the following:
1. Insurance expired during July of				$400	was omitted.
2. Supplies expense includes			$200	of supplies that are still on hand at July 31.
3. Depreciation on equipment of			$150	was omitted.
4. Accrued but unpaid wages at July 31 of				$300	were not included.
5. Services provided but unrecorded totaled				$500
Instructions:
Prepare a correct income statement for July 2011.
		BENNING CO.
		Income Statement
		For the Month Ended July 31, 2011
		Revenues
		Account title				Amount
		Expenses
		Account title			Amount
		Account title			Amount
		Account title			Amount
		Account title			Amount
		Account title			Amount
		Total expenses				Formula
		Title				Formula