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Ihe income statenent of Blossarn Campany for the month af July shows net income of...

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Accounting

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Ihe income statenent of Blossarn Campany for the month af July shows net income of $3,020 based on Service Revenue $7,410, Salaries and Wages Expense $2,860, Supplies Expense S970, and Utilities Expens $550. In reviewing the statenent, you discover the following 1. Insurance expired during July of s390 was ornitted 2. Supplies expense includes $330 of supplies thet are still on hand at July 21 3. Depreciatian an equipment of $20a was amittad. Accrued but unpaid wages at July 31 af $39D wara nat included. S. Service performed but unrecorded totaled S720. Prapara a correct income statement far luly 2017. BLOSSOM COMPANY

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