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Required Information [The following information applies to the questions displayed below) The following is the adjusted trial balance of Sierra Company Credit Debit $11,000 800

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Required Information [The following information applies to the questions displayed below) The following is the adjusted trial balance of Sierra Company Credit Debit $11,000 800 4.600 35,000 Account Title Cash Prepaid insurance Betes receivable (due in 5 years) Buildings Ace unulated depreciation - Buildings Accounts payable Notes payable (due in 3 years) Sierra, Capital * Sierra Vithdrawals Consulting revenue Yages expense Depreciation expense-Buildings Insurance expense Totals $15.000 4,000 4.500 15,000 2,500 24,500 3,800 3,500 1.800 $63,000 $63,000 Use the information adjusted trial balance to prepare Sierra Company's classified balance sheet as of SIERRA COMPANY Balance Sheet December 31 Assets Current assets Cash Prepaid insurance $ 11,000 800 Total current assets $ 11.800 Buildings Total assets $ 0 11 800

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