Question: what am i doing wrong? Check my work Problem 3-3 (Static) Balance sheet preparation (LO3-2, 3-3] The following is a December 31, 2021, post-closing trial
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Check my work Problem 3-3 (Static) Balance sheet preparation (LO3-2, 3-3] The following is a December 31, 2021, post-closing trial balance for Almway Corporation. Account Title Cash Investment in equity securities Accounts receivable Inventory Prepaid insurance (for the next 9 months) Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation equipment Patent (net) Accounts payable Notes payable Interest payable Bonds Payable Common stock Retained earnings Totals Debits 45,000 110,000 60,000 200,000 9,000 90,000 420,000 100,000 110,000 60,000 10,000 75,000 130,000 20,000 240,000 300,000 129,000 $1,054,000 $1,054,000 Additional information: 1. The investment in equity securities account includes an investment in common stock of another corporation of $30,000 which management intends to hold for at least three years. The balance of these investments is intended to be sold in the coming year. The land arrunt include land which Pact 25 on that the camnanw has not ucard and is currently leted
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