Sunshine Sushi, a Japanese restaurant, has the following adjusted trial balance with accounts listed in alphabetical order.
Fantastic news! We've Found the answer you've been seeking!
Question:
Sunshine Sushi, a Japanese restaurant, has the following adjusted trial balance with accounts listed in alphabetical order. For the bank loan, $63,350 is due in 2021. For Notes receivable, $37,250 will be collected in 2021.
Account title | Debit | Credit | ||||
Accounts payable | $ | 58,400 | ||||
Accumulated depreciation, equipment | 94,800 | |||||
Accumulated depreciation, furniture | 69,750 | |||||
Bank loan | 525,000 | |||||
Cash | $ | 132,000 | ||||
Equipment | 355,500 | |||||
Operating expenses | 55,300 | |||||
Furniture | 186,000 | |||||
Merchandise Inventory | 43,500 | |||||
Natsuki Miyakawa, capital | 33,000 | |||||
Natsuki Miyakawa, withdrawal | 9,700 | |||||
Notes receivable | 89,950 | |||||
Revenue | 64,500 | |||||
Wages payable | 26,500 | |||||
Total | $ | 871,950 | $ | 871,950 | ||
Using the template provided, prepare a classified balance sheet for the year-ended December 31, 2020.
Related Book For
Fundamental Accounting Principles Volume 1
ISBN: 9781259259807
15th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
Posted Date: