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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, $73,500 is due in
Sunshine Sushi, a Japanese restaurant, has the following adjusted trial balance with accounts listed in alphabetical order. For the bank loan, $73,500 is due in 2021. For Notes receivable, $36,500 will be collected in 2021.
Account title | Debit | Credit | ||||
Accounts payable | $ | 27,750 | ||||
Accumulated depreciation, equipment | 81,000 | |||||
Accumulated depreciation, furniture | 41,250 | |||||
Bank loan | 446,000 | |||||
Cash | $ | 134,000 | ||||
Equipment | 303,750 | |||||
Operating expenses | 62,300 | |||||
Furniture | 110,000 | |||||
Merchandise Inventory | 25,000 | |||||
Natsuki Miyakawa, capital | 36,000 | |||||
Natsuki Miyakawa, withdrawal | 6,600 | |||||
Notes receivable | 89,600 | |||||
Revenue | 61,250 | |||||
Wages payable | 38,000 | |||||
Total | $ | 731,250 | $ | 731,250 | ||
Using the template provided, prepare a classified balance sheet for the year-ended December 31, 2020.
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