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				$	22,680
Accounts receivable	$	13,500
Accumulated depreciation, automobiles					39,360
Accumulated depreciation, building					164,000
Alisha Bjorn, capital					168,960
Alisha Bjorn, withdrawals		10,000
Automobiles		71,000
Building		236,000
Cash		11,600
Copyright		6,900
Depreciation expense, automobiles		7,100
Depreciation expense, building		28,400
Dance lesson revenue					154,680
Gas, oil, and repairs expense		29,600
Land		32,900
Land for future expansion		50,000
Notes payable*					90,000
Brand name		8,800
Rent revenue					8,800
Salaries expense		174,000
Store supplies		4,380
Unearned revenue					23,500
Totals	$	684,180		$	684,180

*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, 202