QS $3-22($Algo$)$ Preparing closing entries LO P$6$

The following is the adjusted trial balance of Sierra Company.

$\backslash$table$[[\backslash$table$[[$Sierra Company$],[$Adjusted Trial Balance$],[$December $31]]],[$Account Title,Debit,Credit$],[$Cash$,$$ $6,700,],[$Prepaid insurance,$670,],[$Notes receivable $($due in $5$ years$),5,700,],[$Buildings$,23,400,],[$Accumulated depreciation$-$Buildings,,$ $13,700],[$Accounts payable,,$4,200],[$Notes payable $($due in $3$ years$),,4,700],[$Common stock.,,$11,100],[$Retained earnings,,$2,800],[$Dividends$,1,340,],[$Consulting revenue,,$11,200],[$Wages expense,$5,200,],[$Depreciation expense$-$Buildings,$2,680,],[$Insurance expense,$2,010,],[$Totals$,$$ $47,700,$$$47,700$