The income statement of Garska Co. for the month of July shows net income of $2,970 based on Service Revenue $7,610; Salaries and Wages Expense $3,070

The income statement of Garska Co. for the month of July shows net income of $2,970 based on Service Revenue $7,610; Salaries and Wages Expense $3,070; Supplies Expense $930; and Utilities Expense $640. In reviewing the statement, you discover the following:

1.		Insurance expired during July of $490 was omitted.
2.		Supplies expense includes $250 of supplies that are still on hand at July 31.
3.		Depreciation on equipment of $270 was omitted.
4.		Accrued but unpaid wages at July 31 of $320 were not included.
5.		Service performed but unrecorded totaled $750.

Prepare a correct income statement for July 2014.

GARSKA CO. Income Statement For the Month Ended July 31, 2014
Expenses Net Income / (Loss) Retained Earnings, July 1 Retained Earnings, July 31 Dividends Revenues Total Expenses Total Revenues
		$
Retained Earnings, July 1 Expenses Net Income / (Loss) Retained Earnings, July 31 Dividends Revenues Total Expenses Total Revenues
	$
Expenses     Dividends     Total Expenses     Retained Earnings, July 1     Retained Earnings, July 31     Net Income / (Loss)     Revenues     Total Revenues
Retained Earnings, July 31 Retained Earnings, July 1 Net Income / (Loss) Revenues Total Expenses Total Revenues Dividends Expenses		$