Question: Corrected income statement Question 4 (10 marks) The income statement of David's Pest Control for the month of August 2019 shows a profit of $6800

Corrected income statement

Question 4 (10 marks) The income statement of David's Pest Control for the month of August 2019 shows a profit of $6800 based on: Service revenue $15200 Wages expense 6400 Supplies expense 1 100 Electricity expense 900 In reviewing the statement, you discover the following: 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. Question 7

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