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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, $58,100 is due in 2024. For Notes receivable, $31,500 will be collected in 2024 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 Revenue Wages payable Total Debit $139,000 309,750 38,150 179,000 43,250 11,500 103,950 Credit $ 61,125 82,600 67,125 461,000 51,750 73,000 28,000 $824,600 $824,600 Using the template provided, prepare a classified balance sheet for the year-ended December 31, 2023

Sunshine Sushi, a Japanese restaurant, has the following adjusted trial balance with accounts listed in alphabetical order. For the bank loan, $58,100 is due in 2024. For Notes receivable, $31,500 will be collected in 2024 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 Revenue Wages payable Total Debit $139,000 309,750 38,150 179,000 43,250 11,500 103,950 Credit $ 61,125 82,600 67,125 461,000 51,750 73,000 28,000 $824,600 $824,600 Using the template provided, prepare a classified balance sheet for the year-ended December 31, 2023

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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, $58,100 is due in 2024. For Notes receivable, $31,500 will be collected in 2024. 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 Revenue Wages payable Total Debit $139,000 309,750 38,150 179,000 43,250 11,500 103,950 Credit $61,125 82,600 67,125 461,000 51,750 73,000 28,000 $824,600 $824,600 Using the template provided, prepare a classified balance sheet for the year-ended December 31, 2023.
Transcribed Image Text:Sunshine Sushi, a Japanese restaurant, has the following adjusted trial balance with accounts listed in alphabetical order. For the bank loan, $58,100 is due in 2024. For Notes receivable, $31,500 will be collected in 2024. 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 Revenue Wages payable Total Debit $139,000 309,750 38,150 179,000 43,250 11,500 103,950 Credit $61,125 82,600 67,125 461,000 51,750 73,000 28,000 $824,600 $824,600 Using the template provided, prepare a classified balance sheet for the year-ended December 31, 2023.
Current 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 SUNSHINE SUSHI Balance Sheet December 31, 2023 Assets Skip question Liabilities Liabilities Start answering Equity Exit $ 0
Transcribed Image Text:Current 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 SUNSHINE SUSHI Balance Sheet December 31, 2023 Assets Skip question Liabilities Liabilities Start answering Equity Exit $ 0
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