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The following is the adjusted trial balance of Sierra Company. Sierra Company Adjusted Trial Balance December 31 Account Title Debit Credit Cash $ 6,100 Prepaid
The following is the adjusted trial balance of Sierra Company. Sierra Company Adjusted Trial Balance December 31 Account Title Debit Credit Cash $ 6,100 Prepaid insurance 610 Notes receivable (due in 5 years) 5,100 Buildings 22, 200 Accumulated depreciation-Buildings $ 13, 100 Accounts payable 3, 600 Notes payable (due in 3 years) 4, 100 L. Sierra, Capital 12, 700 L. Sierra, Withdrawals 1, 220 Consulting revenue 10, 600 Wages expense 4,600 Depreciation expense-Buildings 2, 440 Insurance expense 1,830 Totals $ 44,100 $ 44, 100 Prepare its December 31 closing entries. View transaction list Journal entry worksheet 2 3 4 > Prepare the entry to close the revenue account(s). Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journalJournal entry worksheet
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