Based on the balance sheet account balances of the newly created Sense of Taste Restaurant at the
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Based on the balance sheet account balances of the newly created Sense of Taste Restaurant at the end of December 2016, prepare its balance sheet according to the USALI format.
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Accounts payable Accrued expenses Buildings Cash Cash surrender value of life insurance Current maturities ofmortgage payable Current maturities of notes payable Furnishings and equipment Income taxes payable Intangible assets Inventories Land Mortgage notes Notes payable Operating equipment Owner's equity Prepaid expenses Receivables Restricted cash 11,500.00 30,850.00 175,000.00 31,500,00 75,000.00 15,054.00 23,676.00 160,250.00 200.00 7,560.00 17,500,00 25,000.00 184,946.00 151,324.00 6,500.00 107,500.00 23,190.00 2,500.00 1,050.00
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