Sunshine Sushi, a Japanese restaurant, has the following adjusted trial balance with accounts listed in...
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Sunshine Sushi, a Japanese restaurant, has the following adjusted trial balance with accounts listed in alphabetical order. For the bank loan, $61,950 is due in 2024. For Notes receivable, $47,250 will be collected in 2024. Account title Debit Credit Accounts payable $ 25,775 Accumulated depreciation, equipment 103,600 Accumulated depreciation, furniture 68,625 Bank loan 536,000 Cash $ 129,000 Equipment 388,500 Operating expenses 42,350 Furniture 183,000 Merchandise Inventory 34,500 Natsuki Miyakawa, capital 46,500 Natsuki Miyakawa, withdrawal 8,700 Notes receivable 88,200 Revenue 63,750 Wages payable 30,000 Total $ 874,250 $ 874,250 Using the template provided, prepare a classified balance sheet for the year-ended December 31, 2023.
Sunshine Sushi, a Japanese restaurant, has the following adjusted trial balance with accounts listed in alphabetical order. For the bank loan, $61,950 is due in 2024. For Notes receivable, $47,250 will be collected in 2024.
Account title Debit Credit
Accounts payable $ 25,775
Accumulated depreciation, equipment 103,600
Accumulated depreciation, furniture 68,625
Bank loan 536,000
Cash $ 129,000
Equipment 388,500
Operating expenses 42,350
Furniture 183,000
Merchandise Inventory 34,500
Natsuki Miyakawa, capital 46,500
Natsuki Miyakawa, withdrawal 8,700
Notes receivable 88,200
Revenue 63,750
Wages payable 30,000
Total $ 874,250 $ 874,250
Using the template provided, prepare a classified balance sheet for the year-ended December 31, 2023.
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