The adjusted trial balance for Impressions Dance School has been provided for the year ended September 30, 2014. The new bookkeeper alphabetized the accounts.

The notes payable plus interest are due in 18 months.
Required
Prepare an income statement and a statement of changes in equity for the year ended September 30, 2014, plus a September 30, 2014, classified balance sheet. The owner made no investments during the year.
Analysis Component:
Alisha wants to buy a new car for the business. As her bank manager, what do you advice?

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Account Debit Credit $ 22,680 13,500 39,360 164,000 168,960 Accumulated depreciation, automobile... 10,000 71,000 236,000 11,600 6,900 7,100 28,400 154,680 Gas, oi, and repairs expense. Land Land for future expansion. 29,600 32,900 50,000 90,000 8,800 21,000 Salaries expense.. Store supplie. 174,000 4,380 23,500 $684,180 $684,180 Totals