The adjusted trial balance for Impressions Dance School has been provided for the year ended September 30 , 2017 . The new bookkeeper alphabetized...
financial accounting 1 !!!!
and balance sheet
The adjusted trial balance for Impressions Dance School has been provided for the year ended September 30 , 2017 . The new bookkeeper alphabetized the accounts ._AccountDebit\CreditAccounts payable\22 , 380Accounts receivable*$ 13 , 200Accumulated depreciation , automobiles.39. 060Accumulated depreciation , building\162, 500Alisha Bjorn , capital\163. 960Alisha Bjorn , withdrawalsAutomobiles69, 500Building233, 000Cash\11 , 300Copyright6 , 600Depreciation expense , automobiles6 , 800Depreciation expense , building\28 , 100|Dance lesson revenue\153 , 180Gas , Oil , and repairs expense*Land`29, 30032 , 600Land for future expansion47 , 000Notes payable*\37 , 000Brand name*8, 500Rent revenue20 , 700Salaries expense171 , 000Store supplies\4 , 000Unearned revenue23 , 200Totals$ 671 , 980 $ 671 , 980* The notes payable plus interest are due in 18 months*The owner made no investments during the year ."Required :`1 . Prepare an income statement for the year ended September 30 , 2017 .IMPRESSIONS DANCE SCHOOLIncome StatementFor Year Ended September 30 , 2017Revenues :"Total revenuesOperating expenses :"Total operating expenses2. Prepare a statement of changes in equity for the year ended September 30 , 2017 .IMPRESSIONS DANCE SCHOOLStatement of Changes in EquityFor Year Ended September 30 , 2017Alisha Bjorn , capital , October 1\Alisha Bjorn , capital , September 30