Sunshine Sushi, a Japanese restaurant, has the following adjusted trial balance with accounts listed in alphabetical order. For the bank loan, $64,750 is due in 2024. For Notes receivable, $43,750 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 $108,000 401,625 50,050 195,099 43,250 9,300 97,388 SUNSHINE SUSHI Balance Sheet Credit $ 61,558 107,108 73,125 529,099 37,500 74,250 22,000 $984,525 $984,525 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, $64,750 is due in 2024. For Notes receivable, $43,750 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 $108,000 401,625 50,050 195,099 43,250 9,300 97,388 SUNSHINE SUSHI Balance Sheet Credit $ 61,558 107,108 73,125 529,099 37,500 74,250 22,000 $984,525 $984,525 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
Problem 1Q
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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, $64,750 is due in 2024. For Notes receivable, $43,750 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
$108,000
401,625
59,050
195,088
43,250
9,308
97,398
SUNSHINE SUSHI
Balance Sheet
Credit
$ 61,550
197,199
73,125
529,089
37,599
74,258
22,888
$984,525 $984,525
Using the template provided, prepare a classified balance sheet for the year-ended December 31, 2023.
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