What is the total amount of expense that should appear on july income statement?

Question

a.430
b.850
c.1,280
d.1,440

Additional Information

July 10 Bank One loans the company 2,500. The company will pay back the loan on due day in August

July 9 Supply delivers furniture (1,060)and expendable office supplies (160) to BAY Office, leaving an invoice for 1,220

July15 Payment made to Supply for Furniture and office supplies deliver on July 9

July 23, $430 bill for energy for month is June is receive and will be paid on due date in AUgust

July 31 Salaries are paid to employee in the amount of 850

Answer 1

July 10 Bank One loans the company 2,500. The company will pay back the loan on due day in August
This entry has no effect on the income statement at all.

July 9 Supply delivers furniture (1,060)and expendable office supplies (160) to BAY Office, leaving an invoice for 1,220.
Furniture is a balance sheet item. Office supplies expended $160 is taken to the income statement.

July15 Payment made to Supply for Furniture and office supplies deliver on July 9
This has no effect on the income statement. Office supplies already recorded above. You only record the reduction in A/cs payable here.

July 23, $430 bill for energy for month is June is received and will be paid on due date in AUgust.
Utilities of $430 is taken to the income statement.

July 31 Salaries are paid to employee in the amount of 850
Salaries are taken to the income statement.

Total up all the items that go to the income statement :
$160 + $430 + $850 = $1,440.

The answer is (d) $1,440.

Note : The energy bill for $430 is for June, so technically, in June you should have accrued for this, and in July you should accrue for July's usage too, but no-one does this in practice, so I'll leave the answer above as it stands.