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The Income statement of Bjorn ASA for the month of July shons net Income of C2,539 based on Service Revenue 06,433, Salaries and Wages Expense

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The Income statement of Bjorn ASA for the month of July shons net Income of C2,539 based on Service Revenue 06,433, Salaries and Wages Expense C2,142, Supplles Expense C1,254, and Utricies Expense 498. In reviewing the statement, you discover the following. 1. Insurance expired during July of 489 was omitted. 2. Supplies expense includes c235 of supplies that are still on hand at July 31. 3. Depreciation on equipment of 159 was omitted. 4. Accrued but unpaid salaries and wages at July 31 of C335 were not included. 5. Services performed but unrecorded totaled C887. Prepare a correct income statement for July 2017 BJORN ASA Income Statement For the Month Ended July 31, 2017 Revenues Service Revenue Expenses Salaries and Wages Expen Supplies Expense Insurance Expense Utilities Expense Depreciation Expense Total Expenses BJORN ASA Income Statement For the Month Ended July 31, 2017 Revenues Service Revenue Expenses Salaries and Wages Expen Supplies Expense Insurance Expense Utilities Expense Depreciation Expense Total Expenses Net Income / (Loss)

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