Insert Column Paste Copy Overline 23 Merge Cell 3- Insert Row CLICK HERE TO SAVE YOUR WORK 1 1 $1,400 based on $1,200 $600 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 1 2 3 D3 4111324 A B D E F G H Mod03-Q2. The income statement of Benning Co. for the month of July shows netin Service Revenue $5,500 Supplies Expense Wages Expense $2.300 Utilities Expense In reviewing the statement you discover the following 1. Insurance expired during July $400 was omitted 2. Supplies expense includes $200 of supplies that are still on hand at July 31 3. Depreciation on equipment o $150 was omitted 4. Accrued but unpaid wages at July 31 of 5300 were not included 5. Services provided but unrecorded totaled 5500 Instructions: Prepare a correct income statement for July 2008 Amount BENNING CO. Income Statement For the Month Ended July 31, 2008 Revenues Account title Expenses Account title Amount Account title Amount Account title Amount Account title Amount Account title Amount Total expenses New 5 Formula Mod03-02