QS 3-22 (Algo) Preparing closing entries LO P6 The following is the adjusted trial balance of Sierra Company. Sierra Company Adjusted Trial Balance December 31 Account Title Cash Prepaid insurance Notes receivable (due in 5 years) Buildings Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) Common stock Retained earnings Dividends Consulting revenue Wages expense Depreciation expense-Buildings Insurance expense Totals Prepare its December 31 closing entries. View transaction list Journal entry worksheet 1 2 3 4 Debit Credit $ 6,900 690 5,900 23,800 $ 13,900 4,400 4,900 11,700 2,600 1,380 11,400 5,400 2,760 2,070 $ 48,900 $ 48,900 ^