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

Use the following information for Quick Studies below. (Algo) [The following information

Use the following information for Quick Studies below. (Algo) [The following information applies to the questions displayed below.] 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) Common stock Retained earnings Dividends Consulting revenue Wages expense Insurance expense Depreciation expense-Buildings Totals $ 190,500 $ 190,500 Debit Credit $ 41,000 2,300 7,600 110,000 $ 30,000 11,500 12,000 24,000 13,500 10,000 99,500 5,300 11,000 3,300 QS 3-31 (Algo) 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 De SIERRA COMPANY Balance Sheet December 31

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