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The income statement of Gopitkumar Co. for the month of July shows net income of $2,900 based on Service Revenue S6,500, Salaries and Wages Expense
The income statement of Gopitkumar Co. for the month of July shows net income of $2,900 based on Service Revenue S6,500, Salaries and Wages Expense S2.000, Supplies Expense $1,200, and Utilities Expense $400. In reviewing the statement, you discover the following. Insurance expired during July of S400 was omitted. Supplies expense includes $350 of supplies that are still on hand at July 31. Depreciation on equipment of $350 was omitted. Accrued but unpaid salaries and wages at July 31 of $400 were not included. Services performed but unrecorded totaled $600. Prepare a cornea income statement for July 2017
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