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3 Part 2 of 2 12.5 points Required information [The following information applies to the questions displayed below.] The following is the adjusted trial balance
3 Part 2 of 2 12.5 points Required information [The following information applies to the questions displayed below.] The following is the adjusted trial balance of Sierra Company. Sierra Company Adjusted Trial Balance eBook Hint Account Title December 31 Cash Prepaid insurance Notes receivable (due in 5 years) Buildings Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) Common stock Debit Credit $ 25,000 1,500 6,000 70,000 $ 22,000 7,500 8,000 16,000 Retained earnings 9,500 Dividends 6,000 Print Consulting revenue 59,500 Wages expense 4,500 Depreciation expense-Buildings 7,000 References Insurance expense Totals 2,500 $ 122,500 $ 122,500 Use the information in the adjusted trial balance to prepare Sierra Company's classified balance sheet as of December 31. SIERRA COMPANY Balance Sheet December 31 3 Part 2 of 2 2.5 points eBook Hint Print References Required information Total equity 0 $ 0 0 Part 2 of 2 12.5 points eBook Hint Print References Required information SIERRA COMPANY Balance Sheet December 31 0 $ 0
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