The income statement of Windsor, Inc. for the month of July shows net income of $2,300 based on Service Revenue $6,100, Salaries and Wages Expense $2,100, Supplies Expense $1,300, and Utilities Expense $400. In reviewing the statement, you discover the following. 1. Insurance expired during July of $400 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.
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The income statement of Windsor, Inc. for the month of July shows net income of $2,300 based on Serv...
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