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Jan - Dec 14

Ordinary Income/Expense
Income
Decor Rental Income 5,000.00
Event Planning Income 60,000.00
Facilitation Income 10,000.00
Total Income 75,000.00
Cost of Goods Sold
Consumable Materials 800.00
Event Materials 2,600.00
Total COGS 3,400.00
Gross Profit 71,600.00
Expense
Auto and Truck Expenses 6,000.00
Bank Service Charges 350.00
Contractor Expense 6,500.00
Depreciation Expense 2,000.00
Insurance Expense 3,000.00
Interest Expense 1,000.00
Internet Expense 800.00
IT Expense 1,000.00
Office Supplies 1,300.00
Payroll Expenses 13,600.00
Payroll Tax Expense 2,368.00
Postage 200.00
Rental Expense 1,100.00
Subscriptions 400.00
Telephone Expense 2,400.00
Total Expense 42,018.00
Net Ordinary Income 29,582.00
Net Income 29,582.00
6:46 PM XYZ Company
10/20/14
Profit & Loss
Accrual Basis January through December 2014
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