Income Statement

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Jessie Halverson Interior Decorating Business

Income Statement
For the Month Ended July 31, 2020

Income

Fees Earned ₱251,000.00

Expenses (less)

Utilities Expense ₱9,000.00

Supplies Expense 750.00

Salaries Expense 24,000.00

Depreciation Expense 3,916.66

Insurance Expense 2,250.00

Rent Expense 17,500.00

Repair and Maintenance 8,000.00

Miscellaneous Expense 3,000.00

Total Expenses ₱68,416.66

Net Profit ₱182,583.34

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