Question: I need help to fix it please. This is the third time I've asked the same question and it's always wrong. I need help please.

I need help to fix it please. This is the third time I've asked the same question and it's always wrong. I need help please.
I need help to fix it please. This is the third time
I've asked the same question and it's always wrong. I need help
please. Required information Use the following information for Quick Studies below. (Static)

Required information Use the following information for Quick Studies below. (Static) (The following information applies to the questions displayed below.] The following is the adjusted trial balance of Sierra Company. Credit Sierra Company Adjusted Trial Balance December 31 Account Title Debit Cash $ 5,000 Prepaid insurance 500 Notes receivable (due in 5 years) 4,000 Buildings 20,000 Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) Common stock Retained earnings Dividends 1,000 Consulting revenue Wages expense 3,500 Depreciation expense-Buildings 2,000 Insurance expense 1,500 Totals $37,500 $ 12,000 2,500 3,000 6,000 4,500 9,500 $ 37,500 QS 3-31 (Static) Preparing a classified balance sheet LO C2 QS 3-31 (Static) Preparing a classified balance sheet LO C2 Use the information in the adjusted trial balance to prepare Sierra Company's classified balance sheet as of D Answer is not complete. SIERRA COMPANY Balance Sheet December 31 Assets Current assets Cash $ Prepaid insurance 5,000 500 $ 5,500 Total current assets Current assets Buildings Accumulated depreciation-Buildings 20,000 12,000 Notes receivable $ 8,000 X 4,000 X Total assets 4,000 41,500 $ Liabilities Required information x Buildings Accumulated depreciation-Buildings 20,000 X 12,000 X x Notes receivable x $ 8,000 X 4,000 X 4,000 Total assets $ 41,500 Liabilities Current liabilities $ 2,500 Accounts payable Notes payable x 3,000 X Total liabilities 5,500 Equity Common stock 5,000 X Retained earnings 7,000 X Total equity Total liabilities and equity 12,000 17,500 $

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