Sorima Clinic

Income Statement
For the Month ended June 2019

Service Revenue ₱ 8,266.00

Less: Expenses 2545
Advertising Expense ₱ 4,585.00 ₱ 10,811.00
Bad Debts Expense 420
Depreciation expense – Bldg 210
Depreciation expense – Equipment 63
Insurance expense 21
Interest expense 42
Office salaries expense 3080
Office supplies expense 150
Sales salaries expense 1967
Telephone expense 273
Total Expenses ₱ 10,811.00
Profit
 Sorima Clinic
Balance Sheet
For the Month ended June 2019

Assets
Current Assets
Accounts receivable ₱ 9,786.00
Building 50400
Cash 36120
Drawings 2100
Land 21000
Management fees receivable 168
Office equipments 7560
Office supplies 840
Prepaid rent 280
Prepaid insurance 753
Total Current Assets ₱ 129,007.00
Net Loss 2545
₱ 131,552.00

Liabilities
Loans Payable 420
Tax Payable 126
Accounts Payable 33033
License Payable 700
Capital 90670
Interest Payable 50
Notes Payable 4200
Sales Salaries Payable 253
Commissions Payable 2100
Total ₱ 131,552.00