The income statement of Cheyenne Co. for the month of July shows net income of $3,310 based on Service Revenue $7,210, Salaries and Wages Expense $2,220, Supplies Expense $960, and Utilities Expense $720. In reviewing the statement, you discover the following: 1. 2. 3. 4. 5. Insurance expired during July of $470 was omitted. Supplies expense includes $250 of supplies that are still on hand at July 31. Depreciation on equipment of $250 was omitted. Accrued but unpaid wages at July 31 of $320 were not included. Services performed but unrecorded totaled $710. Prepare a correct income statement for July 2025. V CHEYENNE CO. Income Statement tA

Current Attempt in Progress The income statement of Cheyenne Co. for the month of July shows net income of $3,310 based on Service Revenue $7,210, Salaries and Wages Expense $2,220, Supplies Expense $960, and Utilities Expense $720. In reviewing the statement, you discover the following: 1. Insurance expired during July of $470 was omitted. 2. Supplies expense includes $250 of supplles that are stlli on hand at July 31 . 3. Depreciation on equipment of $250 was omitted. 4. Accrued but unpaid wages at fuly 31 of $320 were not included. 5. Services performed but unrecorded totaled $710. Prepare a correct income statement for July 2025