Glorian Portrait Studios, Incorporated Statement of Income For the Month Ended May 31, 2007.

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Presentation transcript:

Glorian Portrait Studios, Incorporated Statement of Income For the Month Ended May 31, 2007

Revenue:

Glorian Portrait Studios, Incorporated Statement of Income For the Month Ended May 31, 2007 Revenue: Fees Earned From Portraits Sold

Glorian Portrait Studios, Incorporated Statement of Income For the Month Ended May 31, 2007 Revenue: Fees Earned From Portraits Sold$24,000

Glorian Portrait Studios, Incorporated Statement of Income For the Month Ended May 31, 2007 Revenue: Fees Earned From Portraits Sold$24,000 Expenses:

Glorian Portrait Studios, Incorporated Statement of Income For the Month Ended May 31, 2007 Revenue: Fees Earned From Portraits Sold$24,000 Expenses: Rent

Glorian Portrait Studios, Incorporated Statement of Income For the Month Ended May 31, 2007 Revenue: Fees Earned From Portraits Sold$24,000 Expenses: Rent$5,000

Glorian Portrait Studios, Incorporated Statement of Income For the Month Ended May 31, 2007 Revenue: Fees Earned From Portraits Sold$24,000 Expenses: Rent$5,000 Supplies Used 1,200

Glorian Portrait Studios, Incorporated Statement of Income For the Month Ended May 31, 2007 Revenue: Fees Earned From Portraits Sold$24,000 Expenses: Rent$5,000 Supplies Used 1,200 Salaries 8,000

Glorian Portrait Studios, Incorporated Statement of Income For the Month Ended May 31, 2007 Revenue: Fees Earned From Portraits Sold$24,000 Expenses: Rent$5,000 Supplies Used 1,200 Salaries 8,000 Total Expenses 14,200

Glorian Portrait Studios, Incorporated Statement of Income For the Month Ended May 31, 2007 Revenue: Fees Earned From Portraits Sold$24,000 Expenses: Rent$5,000 Supplies Used 1,200 Salaries 8,000 Total Expenses 14,200 Net Income

Glorian Portrait Studios, Incorporated Statement of Income For the Month Ended May 31, 2007 Revenue: Fees Earned From Portraits Sold$24,000 Expenses: Rent$5,000 Supplies Used 1,200 Salaries 8,000 Total Expenses 14,200 Net Income$ 9,800