Problem 4-11A Preparing financial statements LO6

The adjusted trial balance for Impressions Dance School has been provided for the year ended September 30, 2020. The new bookkeeper alphabetized the accounts.

Account		Debit			Credit
Accounts payable				$	22,380
Accounts receivable	$	13,200
Accumulated depreciation, automobiles					39,060
Accumulated depreciation, building					162,500
Alisha Bjorn, capital					163,960
Alisha Bjorn, withdrawals		11,000
Automobiles		69,500
Building		233,000
Cash		11,300
Copyright		6,600
Depreciation expense, automobiles		6,800
Depreciation expense, building		28,100
Dance lesson revenue					153,180
Gas, oil, and repairs expense		29,300
Land		32,600
Land for future expansion		47,000
Notes payable*					87,000
Brand name		8,500
Rent revenue					8,500
Salaries expense		171,000
Store supplies		4,080
Unearned revenue					23,200
Totals	$	671,980		$	671,980

*The notes payable plus interest are due in 18 months. The owner made no investments during the year. Prepare an income statement for the year ended September 30, 2020.