題組內容

二、Angus Insurance Agency prepares monthly financial statements. Presented below is an income statement for the month of June that is correct on the basis of information considered. (10%)
Additional Data: When the income statement was prepared, the company accountant neglected to take into consideration the following information:

5. Salaries owed to employees at the end of the month total €5,300. The salaries will be paid on July 5. Instructions : Compute the correct net income.