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Bus210 Document Income Statementblank-1

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17 views2 pages

Bus210 Document Income Statementblank-1

Uploaded by

tanmangum
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as XLSX, PDF, TXT or read online on Scribd
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Jac Grubertson Lawn Care

Income Statement
For May 2020

Revenue:
Gross Sales $3,040.00

Cost of Goods Sold:


Beginning Inventory
Add: Fertilizer $144.00
Direct Labor $0.00
Other $0.00
Mower rental $130.00
Gas expense $0.00
$274.00
Assumptions:
Less: Ending Inventory 1. She is the only em
Cost of Goods Sold $274.00 $274.00 2. She doesn't have
3. She doesn't have
Gross Profit (Loss) $2,766.00 4. The lawns she is m

Expenses:
Advertising $0.00
Amortization $0.00
Bad Debts $0.00
Bank Charges $0.00
Business cards $69.00
Credit Card Fees $0.00
Depreciation $0.00
Fliers $22.00
Insurance $0.00
Interest (Bank) $58.33
Maintenance $0.00
fertilizer spreader 63
gas can 5 gal. 25
broom 20
gloves 18
trailer hitch 140
Miscellaneous $0.00
Office Expenses $0.00
Business License $89.00
Telephone $0.00
gasoline $52.00
Utilities $0.00
Vehicle Expenses $0.00
Wages $0.00
Total Expenses $556.33 $556.33

Net Income $2,209.67


Assumptions:
1. She is the only employee
2. She doesn't have any other expenses than what was listed
3. She doesn't have to pay to post ads
4. The lawns she is mowing are all under 2000 square feet besides city hall.

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