Question
Sunshine Sushi, a Japanese restaurant, has the following adjusted trial balance with accounts listed in alphabetical order. For the bank loan, $63,350 is due in
Sunshine Sushi, a Japanese restaurant, has the following adjusted trial balance with accounts listed in alphabetical order. For the bank loan, $63,350 is due in 2021. For Notes receivable, $37,250 will be collected in 2021. 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 Debit Credit $ 58,400 94,800 69,750 525,000 $132,000 355,500 55,300 186,000 43,500 33,000 9,700 89,950 64,500 26,500 Revenue Wages payable Total $871,950 $871,950 Using the template provided, prepare a classified balance sheet for the year-ended December 31, 2020. SUNSHINE SUSHI Balance Sheet Current assets: December 31, 2020 Assets Total current assets Non-current investments: Property, plant, and equipment: Total property, plant, and equipment Total assets Current liabilities: Total current liabilities Non-current liabilities: Total liabilities Total liabilities and equity Liabilities Equity
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