Sunshine Sushi, a Japanese restaurant, has the following adjusted trial balance with accounts listed in alphabetical order. Using the template provided, prepare a classified balance sheet for the year ended December 31, 2023. For the bank loan, $60,550 is due in 2024. For Notes receivable, $41,500 will be collected in 2024.

Transcribed Image Text:

Account Title Accounts payable Accumulated depreciation, equipment Accumulated depreciation, furniture Bank loan Cash Equipment Operating expenses Furniture Merchandise inventory Natsuki Miyakawa, capital Natsuki Miyakawa, withdrawal Notes receivable Revenue Wages payable Total Debit $115,000 373,875 38,150 102,000 34,250 11,300 115,500 Credit $ 41,625 99,700 38,250 501,000 28,500 50,750 30,250 $790,075 $790,075