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The following is the adjusted trial balance of Sierra Company. Sierra Company Adjusted Trial Balance Account Title December 31 Cash Prepaid insurance Notes receivable
The following is the adjusted trial balance of Sierra Company. Sierra Company Adjusted Trial Balance Account Title December 31 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 Prepare its December 31 closing entries. View transaction list Journal entry worksheet Debit $6,000 Credit 600 5,000 22,000 $13,000 3,500 4,000 9,000 3,500 1,200 10,500 4,500 2,400 1,800 $ 43,500 $ 43,500
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