Keeping A Set Of Books For Selling On Ebay

Don't be like me

Sold a heavy, bulky item that I've been sick of having for more than a year,
which I paid $100 for (hasty comp shopping)
and finally sold it for $25.
$127.13 S&H
$129.29 actual cost of S&H
$20.44 eBay's cut (because we pay fees on shipping, thanks eBay)
$131.69 what I get paid
$2.40 my proceeds
$-97.60 my profit
I sold it cheap because I was sick of having it and just wanted it gone. Should have just taken it back to the thrift store I got it from and made it an even $100 loss, at least then I wouldn't have the liability of this buyer potentially pitching a fit later.
For those wondering, the item is actually a pair of DJ turntables. Turns out the value was mostly in the tone arms, which these both lack.

 

UNDER EDIT
(NEED TO INSERT) A SCREEN SHOT
of computer stuff


Sales $25.00 AP, ME $25.00
Ship $127.13 AP, ME $127.13 (IF, EBAY WITHHOLD THIS) ap, ebay 127.13

Expenses
Inventory $100.00 AP, ME $100.00

Ship Cost $129.29 AP, ME $129.29

Expenses:
Ebay Fee $ 20.44 AP, ME $20.44


YOUR BOOKS WILL NOW SHOW
A CREDIT OF
$ 301.86
AND, A DEBIT OF
$301.86

REMOVING MONIES YOU PAID
$100.00 for inventory (NOT taxable)
$129.29 for shipping (NOT taxable)



By keeping track of amount paid for inventory; you will get your $100 cash back (that you invested into the product)
By keeping track of what you paid for shipping; you will get your $129.29 cash back
(if ebay withheld that 127.13 - then; you can offset it as an expense of the business)

 

2nd example

Cyber Monday sales results.
25 items sold for a total of 721.32.
An average of 28.85 per item sold.
Cost of goods was 78.60.
I charged 217 44 for shipping
and actual shipping cost was 172.62.
I paid 76.25 in ebay fees
and 7.56 in promoted listing fees.
I will set aside 77.26 for taxes
leaving me with 309.03.
I average 5 hours a day working on ebay,
this is a days worth of sales,,
so today I averaged 61.81 per hour.

 

WHAT A SET OF BOOKS WOULD LOOK LIKE
FOR #3

(UNDER EDIT)