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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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.
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
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Liabilities
Liabilities
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Equity
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