Accounts payable
$ 23,680
Accounts receivable
$ 14,500
1
Accumulated depreciation, automobiles
40,360
Accumulated depreciation, building
169,000
Alisha Bjorn, capital
189,960
Alisha Bjorn, withdrawals
11,000
Automobiles
76,000
Building
246,000
Cash
12,600
Copyright
7,900
s
Depreciation expense, automobiles
8,100
Depreciation expense, building
29,400
Print
Dance lesson revenue
159,680
Gas, oil, and repairs expense
30,600
Land
33,900
Land for future expansion
60,000
Notes payable*
100,000
Brand name
9,800
Rent revenue
22,000
Salaries expense
184,000
Store supplies
5,380
Unearned revenue
24,500
Totals
$729,180 $729,180
*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.
IMPRESSIONS DANCE SCHOOL
Income Statement
For Year Ended September 30, 2020