9:16 AM XYZ COMPANY

08/06/19 Profit & Loss

Accrual Basis August 2019

Aug 19
Ordinary Income/Expense
Income
Merchandise Sales 6,583,156.60

Total Income 6,583,156.60

Cost of Goods Sold

Cost of Sales 877,462.50

Total COGS 877,462.50

Gross Profit 5,705,694.10

Expense
Auto Supply Expense 103,804.24
Bank Service Charges 2,435.00
Building & Sanitary Service Exp 1,800.00
Co.Meeting & Conferences Exp 29,079.50
Collector's Commission 422,261.46
Company benefits 50,000.00
Credit & Collection Incentive 43,267.65
Employee Relation 7,025.00
Gas & Oil 283,365.08
Insurance - General 1,607.31
Insurance Expense 4,684.98
Lodging Expense 69,898.00
Meals and Entertainment 110,100.00
Misc Exp. 18,742.55
Misc. Bank charges 15,921.47
Office Supplies 23,233.50
Postage 18,121.20
Professional Fees 39,000.00
Rent & Utilities-Power 13,270.08
Rent & Utilities-Rent 81,592.17
Rent & Utilities-Water 6,867.42
Repairs and Maintenance 5,678.00
Representation Expense 34,328.93
Required Benefits-SSS 63,466.97
Salaries & Allowances 1,110,832.96
Sales Incentive 14,000.00
Selling expenses 1,258,213.91
Shipping 33,310.08
Shipping and delivery expense 1,813.58
Taxes & Licenses 836.06
Telephone,Telegraph 15,466.83
Transportation Expense 196,994.00

Total Expense 4,081,017.93

Net Ordinary Income 1,624,676.17

Other Income/Expense
Other Expense
Deferred Gross Profit 3,162,229.83
Depreciation Expenses 4,833.00

Total Other Expense 3,167,062.83

Net Other Income -3,167,062.83

Net Income -1,542,386.66

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