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Sunshine Sushi, a Japanese restaurant, has the following adjusted trial balance with accounts listed in alphabetical order. Prepare a classified balance sheet for the year-ended
Sunshine Sushi, a Japanese restaurant, has the following adjusted trial balance with accounts listed in alphabetical order. Prepare a classified balance sheet for the year-ended December 31, 2017. For the bank loan, $50,000 is due in 2018. For Notes receivable, $30,000 will be collected in 2018. | |||||
Account Title | Debit | Credit | |||
Accounts payable | $57,321 | ||||
Accumulated depreciation, equipment | 98,000 | ||||
Accumulated depreciation, furniture | 48,600 | ||||
Bank loan | 687,536 | ||||
Cash | $305,687 | ||||
Equipment | 450,300 | ||||
Operating expenses | 45,987 | ||||
Furniture | 160,000 | ||||
Merchandise inventory | 30,000 | ||||
Natsuki Miyakawa, capital | 32,241 | ||||
Natsuki Miyakawa, withdrawal | 25,000 | ||||
Notes receivable | 65,000 | ||||
Revenue | 125,689 | ||||
Wages payable | 32,587 | ||||
Total | $1,081,974 | $1,081,974 |
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