Question: Exercise 4-14 Preparing a classified balance sheet L06 excel Sunshine Sushi, a Japanese restaurant, has the following adjusted trial balance with accounts listed in alpha-
Exercise 4-14 Preparing a classified balance sheet L06 excel Sunshine Sushi, a Japanese restaurant, has the following adjusted trial balance with accounts listed in alpha- betical order. Using the template provided, prepare a classified balance sheet for the year ended December 31, 2020. For the bank loan, $60,550 is due in 2021. For Notes receivable, $41.500 will be collected in 2021. Account Title Debit Credit Accounts payable Accumulated depreciation, equipment Accumulated depreciation furniture Bank loan $ 41,625 99.700 38.250 501,000 $115.000 373.875 38.150 102.000 34250 2 500 Equipment Operating expenses Furniture Merchandise ventory Natsuki Miyakawa capital Natsuki Myskaw withdwal Notes receivable Revenue wages paratie Total 11 300 50.250 30.250 ST0075 5790.075 Sunshine Sus Balance Sheet December 31, 2020 Current assets Total current assets Property plant and equipment
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