Business, 23.10.2019 22:30 zanaplen27
The income statement of swifty corporation for the month of july shows net income of $2,700 based on service revenue $6,700, salaries and wages expense $2,300, supplies expense $1,300, and utilities expense $400. in reviewing the statement, you discover the following. 1. insurance expired during july of $500 was omitted. 2. supplies expense includes $250 of supplies that are still on hand at july 31. 3. depreciation on equipment of $250 was omitted. 4. accrued but unpaid salaries and wages at july 31 of $400 were not included. 5. services performed but unrecorded totaled $800. prepare a correct income statement for july, 2017.
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The income statement of swifty corporation for the month of july shows net income of $2,700 based on...
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