Question
Required information Use the following information for Quick Studies below. Skip to question [The following information applies to the questions displayed below.] The following is
Required information Use the following information for Quick Studies below. Skip to question [The following information applies to the questions displayed below.] The following is the adjusted trial balance of Sierra Company. Account Title Debit Credit Cash $ 29,000 Prepaid insurance 1,700 Notes receivable (due in 5 years) 6,400 Buildings 80,000 Accumulated depreciationBuildings $ 24,000 Accounts payable 8,500 Notes payable (due in 3 years) 9,000 H. Sierra, Capital 28,500 H. Sierra, Withdrawals 7,000 Consulting revenue 69,500 Wages expense 4,700 Depreciation expenseBuildings 8,000 Insurance expense 2,700 Totals $ 139,500 $ 139,500 QS 4-11 Preparing a classified balance sheet LO C3 Use the information adjusted trial balance to prepare Sierra Companys classified balance sheet as of December 31.
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