Income Statement

For the Month Ended December 31, 2020

Account Titles Debit Credit

Sales ₱2,304,000
Salaries Expense ₱727,200.00
Rent Expense ₱96,000.00
Advertising Expense ₱12,000.00
Utilities Expense ₱18,000.00
Supplies Expense ₱406,384.00
PPE Expense ₱3,000.00
Taxes & Licenses Expense ₱3,600.00
Depreciation Expense- Equipment ₱3,492.00
Transportation Expense ₱6,000.00
Delivery Expense ₱1,400.00
TOTAL ₱1,277,076.00 ₱2,304,000
Profit ₱1,026,924.00
₱2,304,000.00 ₱2,304,000