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Wahoo Company's income statement for the month ended July 31, 2023 shows Service Revenue $9,086, Salaries and Wages Expense $3,068, Supplies Expense $1,652, and Utilities
Wahoo Company's income statement for the month ended July 31, 2023 shows Service Revenue $9,086, Salaries and Wages Expense $3,068, Supplies Expense $1,652, and Utilities Expense $590. In reviewing the statement, you discover the following.
1. | Insurance expired during July of $590 was omitted. |
2. | Supplies expense includes $354 of supplies that are still on hand at July 31. |
3. | Depreciation on equipment of $295 was omitted. |
4. | Accrued but unpaid salaries and wages at July 31 of $472 were not included. |
5. | Services provided but unrecorded totaled $826. |
After the adjustments have been made, what would Wahoo Company report as net income for the month ended July 31, 2023?
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