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The following is the adjusted trial balance of Sierra Company. Credit Sierra Company Adjusted Trial Balance December 31 Account Title Debit Cash $ 6,600 Prepaid
The following is the adjusted trial balance of Sierra Company. Credit Sierra Company Adjusted Trial Balance December 31 Account Title Debit Cash $ 6,600 Prepaid insurance 660 Notes receivable (due in 5 years) 5,600 Buildings 23,200 Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) L. Sierra, Capital L. Sierra, Withdrawals 1,320 Consulting revenue Wages expense 5,100 Depreciation expense-Buildings 2,640 Insurance expense 1,980 Totals $ 47,100 $ 13,600 4,100 4,600 13,700 11,100 $ 47,100 Prepare its December 31 closing entries. View transaction list Journal entry worksheet 1 2 3 4 > Prepare the entry to close the revenue account(s). Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Record entry Clear entry View general Journal Journal entry worksheet Prepare the entry to close the expense account(s). Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general Journal Journal entry worksheet Prepare the entry to close Income Summary. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Record entry Clear entry View general Journal Journal entry worksheet
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