Question
The adjusted trial balance for Impressions Dance School has been provided for the year ended September 30, 2020. The new bookkeeper alphabetized the accounts. AccountDebitCreditAccounts
The adjusted trial balance for Impressions Dance School has been provided for the year ended September 30, 2020. The new bookkeeper alphabetized the accounts.
AccountDebitCreditAccounts payable$21,980Accounts receivable $12,800Accumulated depreciation, automobiles$38,660Accumulated depreciation, building $160,500 Alisha Bjorn, capital $156,960Alisha Bjorn, withdrawals$12,000Automobiles$67,500Building$229,000Cash$10,900Copyright$6,200Depreciation expense, automobiles$6,400Depreciation expense, building$27,700Dance lesson revenue$151,180Gas, oil, and repairs expense28,900Land32,200Land for future expansion43,000Notes payable* $83,000Brand name$8,100Rent revenue$20,300Salaries expense$167,000Store supplies$3,680Unearned revenue$22,800 Totals $655,380 $655,380
*The notes payable plus interest are due in 18 months.
The owner made no investments during the year.
Prepare income statement for the year ended September 30, 2020.
Prepare statement of changes in equity for the year ended September 30, 2020.
Prepare classified balance sheet at September 30, 2020.
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