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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.

Prev

Question 2 of 4 Total2 of 4

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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.

Prev

Question 2 of 4 Total2 of 4

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