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Required Information Use the following information for Quick Studies below. (Algo) [The following Information applies to the questions displayed below] The following is the
Required Information Use the following information for Quick Studies below. (Algo) [The following Information applies to the questions displayed below] The following is the adjusted trial balance of Sierra Company. Sierra Company Adjusted Trial Balance December 31 Account Title Cash Prepaid insurance Notes receivable (due in 5 years) Buildings Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) Common stock Retained earnings Dividends Consulting revenue Wages expense Depreciation expense-Buildings Insurance expense Totals Debit Credit $ 21,000 1,300 5,600 60,000 $ 20,000 6,500 7,000 14,000 8,500 5,000 49,500 4,300 6,000 2,300 $ 105,500 $ 105,500 QS 3-31 (Algo) Preparing a classified balance sheet LO C2 Use the Information in the adjusted trial balance to prepare Sierra Company's classified balance sheet as of December 31. SIERRA COMPANY Balance Sheet December 31
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