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) L. Sierra, Capital L. Sierra, Withdrawals Consulting revenue Wages expense Depreciation expense-Buildings Insurance expense Totals Prepare its December 31 closing entries. Debit $ 6,600 660 5,600 23,200 1,320 5,100 2,640 1,980 $ 47,100 Credit $ 13,600 4,100 4,600 13,700 11,100 $ 47,100

The following is the adjusted trial balance of Sierra Company. Prepare its December 31 closing entries