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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
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 Canh $ 25,000 Prepaid Insurance 1,500 Noter receivable (due in 5 years) 6,000 buildings 70,000 Accumulated depreciation buildings $ 22,000 Accounts payable 7.500 Notes payable (due in ) years) 8,000 Common stock 10.000 Retained earnings 15,500 Dividendo 6,000 Consulting revenue 59,500 Wages expense 4,500 Depreciation expense-Buildings 7,000 Insurance expense 2,500 Totals $122,500 $122,500 Use the information adjusted trial balance to prepare Sierta Company's classified balance sheet as of December 31 hired information Total current assets Total assets Total liabilities + Total equity Total liabilities and equity
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