tncesSunshine Sushi, a Japanese restaurant, has the following adjusted trial balance with accounts listed in alphabetical order. For the bankloan, $69,300 is due in 2024. For Notes receivable, $33,750 will be collected in 2024.Accounts payableAccumulated depreciation, equipmentAccumulated depreciation, furnitureBank loanCashAccount titleEquipmentOperating expensesFurnitureMerchandise InventoryNatsuki Miyakawa, capitalNatsuki Miyakawa, withdrawalNotes receivableRevenueWages payableTotalDebit$114,000393,75032,550186,00034,2508,80088,900Credit$ 72,250105,00069,750483,00034,25060,75033,250$858,250 $858,250Using the template provided, prepare a classified balance sheet for the year-ended December 31, 2023.

The income statement is a financial statement which shows the total revenue and total expenditure of…

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Accounting

Using the template provided, prepare a classified balance sheet for the year-ended December 31, 2023.

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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Question

t
nces
Sunshine Sushi, a Japanese restaurant, has the following adjusted trial balance with accounts listed in alphabetical order. For the bank
loan, $69,300 is due in 2024. For Notes receivable, $33,750 will be collected in 2024.
Accounts payable
Accumulated depreciation, equipment
Accumulated depreciation, furniture
Bank loan
Cash
Account title
Equipment
Operating expenses
Furniture
Merchandise Inventory
Natsuki Miyakawa, capital
Natsuki Miyakawa, withdrawal
Notes receivable
Revenue
Wages payable
Total
Debit
$114,000
393,750
32,550
186,000
34,250
8,800
88,900
Credit
$ 72,250
105,000
69,750
483,000
34,250
60,750
33,250
$858,250 $858,250
Using the template provided, prepare a classified balance sheet for the year-ended December 31, 2023.

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