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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

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 $ 21,680
Accounts receivable $ 12,500
Accumulated depreciation, automobiles 38,360
Accumulated depreciation, building 159,000
Alisha Bjorn, capital 150,960
Alisha Bjorn, withdrawals 12,000
Automobiles 66,000
Building 226,000
Cash 10,600
Copyright 5,900
Depreciation expense, automobiles 6,100
Depreciation expense, building 27,400
Dance lesson revenue 149,680
Gas, oil, and repairs expense 28,600
Land 31,900
Land for future expansion 40,000
Notes payable* 80,000
Brand name 7,800
Rent revenue 20,000
Salaries expense 164,000
Store supplies 3,380
Unearned revenue 22,500
Totals $ 642,180 $ 642,180

*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.

Prepare a statement of changes in equity for the year ended September 30, 2020.

Prepare a classified balance sheet at September 30, 2020.

image text in transcribed
Problem 4-11A Preparing financial statements LO6 The adjusted trial balance for Impressions Dance School has been prom bookkeeper alphabetized the accounts. Debit Credit $ 21,650 512,500 88, 350 159, eee 150,960 Account Accounts payable Accounts receivable Accumulated depreciation, automobiles Accumulared depreciation, building Alisha Bjorn, capital Alisha Bjorn, withdrawals Automobiles Building Cash Copyright Depreciation expenses automobiles Depreciation expenst, building Donce lesson revenue Gas, oil, and repairs expense Land Land for future expansion Notes payable Brand nome Rentene Solaries expense Stort supplies Unearned Total 12,000 66,000 226,000 10,600 5,900 6.100 27,400 140,680 28,605 31.900 20.000

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