Business, 31.05.2020 01:00 reyamukhtar

The income statement of Sunland Company for the month of July shows net income of $4,370 based on Service Revenue $8,280, Salaries and Wages Expense $2,300, Supplies Expense $910, and Utilities Expense $700. In reviewing the statement, you discover the following: 1. Insurance expired during July of $510 was omitted. 2. Supplies expense includes $360 of supplies that are still on hand at July 31. 3. Depreciation on equipment of $330 was omitted. 4. Accrued but unpaid wages at July 31 of $320 were not included. 5. Service performed but unrecorded totaled $700. Prepare a correct income statement for July 2022

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The income statement of Sunland Company for the month of July shows net income of $4,370 based on Se...

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