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Day Co. has the following adjusted trial balance with accounts listed in alphabetical order. For the bank loan, $51,800 is due in 202- For
Day Co. has the following adjusted trial balance with accounts listed in alphabetical order. For the bank loan, $51,800 is due in 202- For Notes receivable, $53,750 will be collected in 2021. Account title. Accounts payable" Accumulated depreciation, equipment Debit Credit $ 36,450 94,500 Accumulated depreciation, furniture 51,375 Bank loan 560,000 Cash $190,000 Equipment 354,375 Operating expenses 45,500 Furniture 137,000 Merchandise Inventory 41,500 Natsuki Miyakawa, capital 30,500 Natsuki Miyakawa, withdrawal 11,400 Notes receivable 90,300 Revenue 73,500 Wages payable 23,750 Total $870,075 $870,075 Using the template provided, prepare a classified balance sheet for the year-ended December 31, 2020. Duy Co. Balance Sheet December 31, 2020 Assets Current assets: Cash Merchandise inventory < Prev 55 of 63 Next >
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