Using the information provided to you for the new start-up fast food restaurant,"Restaurante Mexicano Con...

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Accounting

Using the information provided to you for the new start-up fast food restaurant,"Restaurante Mexicano Con Sushicreate the opening Balance Sheet(Year 0).
Use the Completed Balance Sheet to answer the following five (5) questions
Opening Account Balances
- The business currently holds a cash balance of 43,800
- Company holds 8,700's worth of inventory
- All appliances: estimated total value of 70,000
- The business has $70,000 in new vehicles
- $5,000 in Glassware and China
- Restaurant is leased, and the first 6 months of rent have been pre-paid at the rate of 10,000/month ( this is expense)
- Furniture and Fixtures, estimated value of $15,000
- The business has accumulated $8,300 in accounts payable for fees and licensing, which we will pay next year.
- New and approved (will collect) Bank Loan of $75,000

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