Question
The income statement ofCullumber Companyfor the month of July shows net income of $2,490based on Service Revenue $7,100, Salaries and Wages Expense $2,930, Supplies Expense
The income statement ofCullumber Companyfor the month of July shows net income of $2,490based on Service Revenue $7,100, Salaries and Wages Expense $2,930, Supplies Expense $920, and Utilities Expense $760. In reviewing the statement, you discover the following:
1.Insurance expired during July of $490was omitted.
2.Supplies expense includes $340of supplies that are still on hand at July 31.
3.Depreciation on equipment of $240was omitted.
4.Accrued but unpaid wages at July 31 of $400were not included.
5.Service performed but unrecorded totaled $730.
make a correct income statement for July 2022.
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