Sunshine Sushi, a Japanese restaurant, has the following adjusted trial balance with accounts listed in alphabetical order. For the bank loan, $58,100 is due in 2024. For Notes receivable, $31,500 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 $139,000 309,750 38,150 179,000 43,250 11,500 103,950 Credit $ 61,125 82,600 67,125 461,000 51,750 73,000 28,000 $824,600 $824,600 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, $58,100 is due in 2024. For Notes receivable, $31,500 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 $139,000 309,750 38,150 179,000 43,250 11,500 103,950 Credit $ 61,125 82,600 67,125 461,000 51,750 73,000 28,000 $824,600 $824,600 Using the template provided, prepare a classified balance sheet for the year-ended December 31, 2023
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 10EB: Starlight Enterprises has net credit sales for 2019 in the amount of $2,600,325, beginning accounts...
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