Question: Required information Use the following information for Quick Studies below. [The following information applies to the questions displayed below.] The following is the adjusted trial

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Required information Use the following information for Quick Studies below. [The following information applies to the questions displayed below.] The following is the adjusted trial balance of Sierra Company. Account Title Cash Prepaid insurance Debit $ 43,000 Credit 2,400 Notes receivable (due in 5 years) 7,800 Buildings 115,000 Accumulated depreciation-Buildings $ 31,000 Accounts payable 12,000 Notes payable (due in 3 years) 12,500 H. Sierra, Capital 39,000 H. Sierra, Withdrawals 10,500 Consulting revenue Wages expense Depreciation expense-Buildings Insurance expense Totals 104,500 5,400 11,500 3,400 $199,000 $199,000 QS 4-11 Preparing a classified balance sheet LO C3 Use the information adjusted trial balance to prepare Sierra Company's classified balar SIERRA COMPANY Balance Sheet December 31
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