The adjusted trial balance of Yoon Imports for the year ended December 31, 2020, is as follows (amounts in thousands):

Instructions
Prepare an income statement, owner’s equity statement, and a classified statement of financial position.
The notes payable is due on January 10, 2021.

Transcribed Image Text:

Credit Debit ¥ 6,400 Cash Accounts Receivable 2,700 Notes Receivable 6,300 Inventory Equipment 10,000 7,500 ¥ 300 Allowance for Doubtful Accounts Accumulated Depreciation-Equipment Notes Payable Accounts Payable Owner's Capital Owner's Drawings 1,000 1,100 600 28,000 1,000 Sales Revenue 13,000 Interest Revenue 100 Cost of Goods Sold 8,000 1,400 Salary and Wages Expense Rent Expense Bad Debt Expense Service Charge Expense 700 60 40 ¥44,100 ¥44,100