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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. Account Title Debit Credit

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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. Account Title Debit Credit Cash $ 39,000 Prepaid insurance 2,200 Notes receivable (due in 5 years) 7,400 Buildings 105,000 Accumulated depreciation-Buildings $ 29,000 Accounts payable 11,000 Notes payable (due in 3 years) 11,500 Common stock 13,500 Retained earnings 22,500 Dividends 9,500 Consulting revenue 94,500 Wages expense 5,200 Depreciation expense-Buildings 10,500 Insurance expense 3,200 Totals $182,000 $182,000 Use the information adjusted trial balance to prepare Sierra Company's classified balance sheet as of December 31. SIERRA COMPANY Balance Sheet December 31 Next > 17 of 23

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