Question: Chapter 03 Pre- Built Problems Help Save & Exit Submit The following is a December 31, 2018, post-closing trial balance for Almway Corporation Account Title

 Chapter 03 Pre- Built Problems Help Save & Exit Submit The
following is a December 31, 2018, post-closing trial balance for Almway Corporation

Chapter 03 Pre- Built Problems Help Save & Exit Submit The following is a December 31, 2018, post-closing trial balance for Almway Corporation Account Title 49,000 114,000 62,000 202,000 5,000 94,000 422,000 10 Investnents Accounts receivable Prepaid insurance (for the next 9 months) Buildings Accumulated depreciation-buildings Equipment $ 102,000 112,000 12,000 62,000 79,000 136,000 Print Patents (net of anortization) Aecounts payable Interest payable Bonds Payable Conmon stock Retained earnings Totals 22,000 242,000 306,000 123.000 $1,072,000 $1,072,000 Additional information: 1. The investment account includes an investment in common stock of another corporation of $32,000 which management intends to hold for at least three years. The balance of these investments is intended to be sold in the coming year. 2. The land account includes land which cost $27,000 that the company has not used and is currently listed for sale. 3. The cash account includes $17000 restricted in a fund to pay bonds payable that mature in 2021 and $25,000 set aside in a three- month Treasury bill. 4. The notes payable account consists of the following: a. a $32,000 note due in six months.

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