Whats the total amount of expenses that should appear on July's income statement based on the details given?

Question

7/1 bills are sent to clients for services provided in june in the amount of $800
7/8 banks loans the company $2500, company will pay back the amount in August
7/9 office supply delivers furniture and office supplies leaving an invoice of $1220
7/15 payment is made to office supply for furniture & supplies delivered on 7/9
7/23 a $430 bill for electricity for the month of june is recieved and will be paid on its due date in august
7/31 salaries are paid to employees in the amount of $850

Answer 1

7/1 bills are sent to clients for services provided in june in the amount of $800
No expenses here. This talks about revenue.

7/8 banks loans the company $2500, company will pay back the amount in August
There should be bank loan interest in July, but you're not told the interest rate.

7/9 office supply delivers furniture and office supplies leaving an invoice of $1220
No expenses here. These are assets.

7/15 payment is made to office supply for furniture & supplies delivered on 7/9
No expenses here, unless some of the supplies are used up, but you're not told this.

7/23 a $430 bill for electricity for the month of june is recieved and will be paid on its due date in august
If the $430 was accrued in June, then nothing needs to be taken up in July. However, if the $430 was not taken up in June, you have to accrue for it in July.

7/31 salaries are paid to employees in the amount of $850
This definitely is an expense for July $850.

Go thru the above and pick out the confirmed expenses.

Answer 2

Only the last one - $850 towards salaries of employees will appear in July's income statement