The income statement of Peter’s Pest Control for the month of August 2019 shows a profit of $6800 based on:

In reviewing the statement, you discover:

1. depreciation on equipment of $460 was omitted 

2. supplies expense includes $320 of supplies that are still on hand at 31 August 

3. insurance expired during August of $400 was omitted 

4. accrued wages at 31 August amounting to $260 were not included 

5. services provided but unrecorded totalled $1600.

Required

Prepare a corrected income statement for the month of August 2019.

Transcribed Image Text:

Services revenue $15200 Wages expense 6400 Supplies expense 1100 Electricity expense 900