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Ordinary Income/Expense Income 4010 Piano Lessons 4020 Guitar Lessons 4050 Sale of Guitars 4065 Sale of Keyboards 4070 Sale of Music Stands 4100 Sales Discounts Total Income Cost of Goods Sold 5060 Cost of Guitars Sold 5065 Cost of Keyboards Sold 5070- Cost of Music Stands Sold Total COGS " Gross Profit Expense 6010 Auto Expense 6020 Home mortgage expense 6030 Nordstrom Expense Lynn's Music Studio Profit & Loss May 2016 6075- Dep. Exp., Music Instruments 6085 Dep. Exp., Fumiture 6095 Dep. Exp., Computers 6150 Instrument Tuning 6200 Insurance Expense 6300 Music Supplies Expense 6325 Office Supplies Expense 6400 Rent Expense 6450 Telephone Expense 6500 Utilities Expense Total Expense Net Ordinary Income Other Income/Expense Other Expense 7000 Interest Expense Total Other Expense Net Other Income Net Income May 16 3,290.00 2,610.00 2,200.00 160.00 400.00 -10.74 8,649.26 1,100.00 80.00 200.00 1,380.00 7.269.26 0.00 350.00 426.00 60.00 0.00 35.00 150.00 0.00 75.00 950.00 0.00 70.00 50.00 2.168.00 5,103.26 15.00 15.00 -15.00 5,088.26 Apr 16 1.470.00 1,080.00 300.00 0.00 40.00 0.00 2.890.00 150.00 0.00 20.00 170.00 2,720.00 23.595.00 350.00 0.00 60.00 40.00 35.00 100.00 100.00 70.00 50.00 1.200,00 50.00 70.00 25.720.00 -23.000.00 15.00 15.00 -15.00 -23.015.00

8:27AM 11/21148 Accrual Basis Lynn's Muslc Studio Profit & Loss May 2016 Ordinary Income/Expense income 4010 - Piane Lessons 4020 - Guitar Lessons 4060 - Sale of Guitars 4065 - Sale of Keybaards 4070 - Sale of Music Stands 4100 - Sales Diseounts Total Ineome Cont of Ooods sold 5060 . Cost of Guitars Sold 5065 - Cont of Keyboarde Sold $070 - Cont of Music Stands Sold Total coos Grow Prefit Expense 8010 - Auto Expense 6020 - Home mertgage expanse 6030 - Nordstrom Expense 6075 - Dep, Exp. Music lastruments 6005 - Dep. Exp., Furniture 6095 - Dep. Exp. Computers 6150 - Instrument Tuning 6200 - Insurance Expense 600 - Music Supplies Expense 6325 . Office Supplies Expense 8400 - Rent Expense 6450 - Telephene Expense 6500 - Utilities Expense Total Expense Net Ordinary ineome Other Income/Expense Other Expense 7000 -Interest Expense Total Other Expense Net Other income Net inceme \begin{tabular}{|c|c|} \hline 1500 & 1500 \\ \hline 1500 & 1500 \\ \hline-1500 & -1500 \\ \hline 5.091 .26 & 22.015 .00 \\ \hline \end{tabular}