Question
Sunshine Sushi, a Japanese restaurant, has the following adjusted trial balance with accounts listed in alphabetical order. For the bank loan, $68,250 is due in
Sunshine Sushi, a Japanese restaurant, has the following adjusted trial balance with accounts listed in alphabetical order. For the bank loan, $68,250 is due in 2024. For Notes receivable, $54,250 will be collected in 2024.
Account title | Debit | Credit | ||||
Accounts payable | $ | 97,950 | ||||
Accumulated depreciation, equipment | 95,000 | |||||
Accumulated depreciation, furniture | 43,500 | |||||
Bank loan | 471,000 | |||||
Cash | $ | 170,000 | ||||
Equipment | 356,250 | |||||
Operating expenses | 51,450 | |||||
Furniture | 116,000 | |||||
Merchandise Inventory | 40,750 | |||||
Natsuki Miyakawa, capital | 46,000 | |||||
Natsuki Miyakawa, withdrawal | 10,800 | |||||
Notes receivable | 95,200 | |||||
Revenue | 63,250 | |||||
Wages payable | 23,750 | |||||
Total | $ | 840,450 | $ | 840,450 | ||
Using the template provided, prepare a classified balance sheet for the year-ended December 31, 2023.
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Visit question mapNext Sunshine Sushi, a Japanese restaurant, has the following adjusted trial balance with accounts listed in alphabetical order. For the bank loan, $68,250 is due in 2024. For Notes receivable, $54,250 will be collected in 2024. Sunshine Sushi, a Japanese restaurant, has the following adjusted trial balance with accounts listed in alphabetical order. For the bank loan, $68,250 is due in 2024. For Notes receivable, $54,250 will be collected in 2024.
Account title | Debit | Credit | ||||
Accounts payable | $ | 97,950 | ||||
Accumulated depreciation, equipment | 95,000 | |||||
Accumulated depreciation, furniture | 43,500 | |||||
Bank loan | 471,000 | |||||
Cash | $ | 170,000 | ||||
Equipment | 356,250 | |||||
Operating expenses | 51,450 | |||||
Furniture | 116,000 | |||||
Merchandise Inventory | 40,750 | |||||
Natsuki Miyakawa, capital | 46,000 | |||||
Natsuki Miyakawa, withdrawal | 10,800 | |||||
Notes receivable | 95,200 | |||||
Revenue | 63,250 | |||||
Wages payable | 23,750 | |||||
Total | $ | 840,450 | $ | 840,450 | ||
Using the template provided, prepare a classified balance sheet for the year-ended December 31, 2023.
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Account title | Debit | Credit | ||||
Accounts payable | $ | 97,950 | ||||
Accumulated depreciation, equipment | 95,000 | |||||
Accumulated depreciation, furniture | 43,500 | |||||
Bank loan | 471,000 | |||||
Cash | $ | 170,000 | ||||
Equipment | 356,250 | |||||
Operating expenses | 51,450 | |||||
Furniture | 116,000 | |||||
Merchandise Inventory | 40,750 | |||||
Natsuki Miyakawa, capital | 46,000 | |||||
Natsuki Miyakawa, withdrawal | 10,800 | |||||
Notes receivable | 95,200 | |||||
Revenue | 63,250 | |||||
Wages payable | 23,750 | |||||
Total | $ | 840,450 | $ | 840,450 | ||
Using the template provided, prepare a classified balance sheet for the year-ended December 31, 2023.
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