Question: im not sure what I dod wrong here. Can someone please help? The following is a December 31, 2024, post-closing trial balance for Almway Comporation.

im not sure what I dod wrong here. Can someone please help?
im not sure what I dod wrong here. Can someone please help?
The following is a December 31, 2024, post-closing trial balance for Almway
Comporation. Additional information: 1. The investment in equity securities account includes an

The following is a December 31, 2024, post-closing trial balance for Almway Comporation. Additional information: 1. The investment in equity securities account includes an investment in common stock of another corporation of $50.00Q which management intends to hold for at least three years. The balance of these investments is intended to be sold in the corhing year. 2. The land account includes land which cost $45,000 that the company has not used and is currently listed for sale 3. The cash account includes $35,000 restricted in a fund to pay bonds payable that mature in 2027 and $43,000 restricted in a three-month Treasury bili. 4. The notes payable account consists of the following: a. a $50.000 note due in six months b. a $70.000 note due in six years c. a $70,000 note due in five annual instaliments of $14,000 each, with the next instaliment due february 15,2025 5. The $80.000 balance in accounts teceivable is net of an allowance for uncollectible accounts of $5.000. 6. The common stock account represents 120,000 shares of no par value common stock issued and outstanding. The corporation has 500,000 shares authorized. Required: Prepare a classified balance sheet for the Almway Corporation at December 31, 2024 Note: Amounts to be deducted should be indicated by o minus sign. Prepare a classified balance sheet for the Almway Corporation at December 31, 2024. Note: Amounts to be deducted should be indicated by a minus sign. Intangibie assets

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