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1 The following is the adjusted trial balance of Sierra Company. 5 ats eBook Account Title Cash Prepaid insurance Notes receivable (due in 5 years)

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1 The following is the adjusted trial balance of Sierra Company. 5 ats eBook Account Title Cash Prepaid insurance Notes receivable (due in 5 years) Buildings Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) H. Sierra, Capital R. Sierra, Withdrawals Consulting revenue Wagen expense Depreciation expense-Buildings Insurance expense Totals Debit Credit $ 5,000 500 4,000 20,000 $12,000 2.500 3,000 10.500 1,000 9.500 3,500 2,000 1,500 $37,500 $37.500 Print Use the information adjusted trial balance to prepare Sierra Company's classified balance sheet as of December 31 SIERRA COMPANY Balance Sheet December 31 Assets Current assets Cash $ 5,000 apter 4: In-Class Activity a Saved 1 Required information Lasn 5,000E 2.5 ints Total current assets $ 5,000 eBook Print 0 Total assets $ 5.000 Total liabilities Total liabilities and equity

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