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Gross Profit - DealersEdge

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FINANCIAL STATEMENT<br />

Page 1 – Balance Sheet<br />

Assets<br />

_<br />

Liabilities<br />

Bills<br />

brooke@blueprintforprofits.com<br />

1.877.316.7418<br />

=<br />

NET WORTH<br />

65<br />

ONE TRANSACTION<br />

(S) Labor Sale Acct. ($100)<br />

(S) Cost of Labor (COS) $25<br />

(B) Work in Process ($25)<br />

(S) Parts Sale Acct. ($60)<br />

(S) Cost of Part (COS) $35<br />

(B) Parts Inventory ($35)<br />

(E) Supply Expense ($ 8)<br />

(B) Sales Tax Payable ($10)<br />

(B) Cash paid by Customer _______ $178<br />

($233) $233<br />

brooke@blueprintforprofits.com<br />

1.877.316.7418<br />

66

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