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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

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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 Debit Credit $ 23,000 1,400 5,800 | 65,000 $21,000 7,000 Notes payable (due in 3 years) 7,500 24,000 H. Sierra, Withdrawals 5,500 Consulting revenue 54,500 Wages expense Depreciation expense-Buildings Insurance expense Totals 4,400 | 6,500 2,400 $114,000 $114,000 H. Sierra, Capital -11 Preparing a classified balance sheet LO C3 he information adjusted trial balance to prepare Sierra Company's fied balance sheet as of December 31. current assets SIERRA COMPANY Balance Sheet December 31 < Prev 3 of 4 Next >

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