Jan 18
Ordinary Income/Expense
Income
Returned Check Charges 40.00
Sales and Services Income
Book Sales 20,949.35
Cost of Goods Sold
Cost of Goods Sold
Merchandise Discounts -88.85
Cost of Goods Sold – Othe
r
10,212.64
Expense
Bank Service Charges 40.00
Depreciation Expense 266.66
Insurance Expense
Fire Insurance 50.00
Other Income/Expense
Other Income
Interest Income 1,976.10
Y
our Name’s Madison Avenue Books
Profit & Loss
January 2018
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