1 5 nts eBook Print The following is the adjusted trial balance of Sierra Company. Account...
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1 5 nts eBook Print The following is the adjusted trial balance of Sierra Company. Account Title Cash Prepaid insurance Notes receivable (due in 5 years). Buildings Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) H. Sierra, Capital H. Sierra, Withdrawals Consulting revenue Wages expense Depreciation expense-Buildings Insurance expense Totals Current assets Cash SIERRA COMPANY Balance Sheet December 31 Assets Debit $5,000 $ 500 4,000 20,000 Credit Use the information adjusted trial balance to prepare Sierra Company's classified balance sheet as of December 31. $12,000 2,500 5,000 3,000 10,500 9,500 1,000 3,500 2,000 1,500 $37,500 $37,500 mapter 4: In-Class Activity i 1 2.5 pints eBook Print Required information Casn Total current assets Total assets Total liabilities Total liabilities and equity $ $ Saved 5,000 5,000 0 5,000 1 5 nts eBook Print The following is the adjusted trial balance of Sierra Company. Account Title Cash Prepaid insurance Notes receivable (due in 5 years). Buildings Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) H. Sierra, Capital H. Sierra, Withdrawals Consulting revenue Wages expense Depreciation expense-Buildings Insurance expense Totals Current assets Cash SIERRA COMPANY Balance Sheet December 31 Assets Debit $5,000 $ 500 4,000 20,000 Credit Use the information adjusted trial balance to prepare Sierra Company's classified balance sheet as of December 31. $12,000 2,500 5,000 3,000 10,500 9,500 1,000 3,500 2,000 1,500 $37,500 $37,500 mapter 4: In-Class Activity i 1 2.5 pints eBook Print Required information Casn Total current assets Total assets Total liabilities Total liabilities and equity $ $ Saved 5,000 5,000 0 5,000
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SOLUTION INCOME STATEMENT Consulting Revenue 9500 Less Expenses Wage... View the full answer
Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
Posted Date:
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