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  3. the income statement of sunland co. for the month

The income statement of Sunland Co. for the month of July shows net income of...

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Accounting

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The income statement of Sunland Co. for the month of July shows net income of $2,100 based on Service Revenue $6,200, Salaries and Wages Expense $2,500, Supplies Expense $1,100, and Utilities Expense $500. In reviewing the statement, you discover the following 1. Insurance expired during July of $600 was omitted. 2. Supplies expense includes $350 of supplies that are still on hand at July 31. 3. Depreciation on equipment of $350 was omitted. 4. Unpaid salaries and wages at July 31 of $300 were not included. 5. Services performed but unrecorded totaled $700. Prepare a correct income statement for July 2022. SUNLAND CO. Income Statement For the Month Ended July 31, 2022 + $ $ VA

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