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Required information Use the following information for Quick Studies below. [The following information applies to the questions displayed below.] The following is the adjusted trial

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Required information Use the following information for Quick Studies below. [The following information applies to the questions displayed below.] The following is the adjusted trial balance of Sierra Company Account Title Cash Prepaid insurance Notes receivable (due in 5 years) Buildings Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) H. Sierra, Capital H. Sierra, Withdrawals Consulting revenue Wages expense Depreciation expense-Buildings Insurance expense Totals Debit Credit $ 29,000 1,700 6,400 80,000 $ 24,000 8,500 9,000 28,500 7, 69,500 4,700 8, eee 2,700 $139,500 $139,500 QS 4-11 Preparing a classified balance sheet LO C3 612 Use the information adjusted trial balance to prepare Sierra Company's classified balance sheet as of December 31 SIERRA COMPANY Balance Sheet December 31 poed book print forence Total current assets Mc Graw Hill 0 Total assets $ $ 0 Total liabilities es Total liabilities and equity

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