Question: why the answer is not complete ? Help Save Check my work mode : This shows what is correct or incorrect for the work you



Help Save Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 5 Ret Problem 3-3 Balance sheet preparation [LO3-2, 3-3 The following is a December 31, 2018, post-closing trial balance for Almway Corporation 10 points Debita credits Cash Investments Accounts receivable Inventories Prepaid insurance (tor the next 9 months Land Buildings Accumulated depreciation-buildings Equipment Accunulated depreciation-equipment Patents (net of amortization) Accounts payable Notes payable Interest payable Bonds Payable Common stock Retained earnings totals $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 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 month Treasury bill a. a $30,000 note due in six months. 2. The land account includes land which cost $25.000 that the company has not used and is currently listed for sale 3. The cash account includes $15.000 restricted in a fund to pay bonds payable that mature in 2021 and $23,000 restricted in a three- 4. The notes payable account consists of the following: b. a $50,000 note due in six years
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