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3 1.42 points The following is a December 31, 2016, post-closing trial balance for Almway Corporation. Debits 75,000 140,000 75,000 215,000 7,000 120,000 435,000 Accounts

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3 1.42 points The following is a December 31, 2016, post-closing trial balance for Almway Corporation. Debits 75,000 140,000 75,000 215,000 7,000 120,000 435,000 Accounts receivable Prepaid insurance Land Buildings Accumulated depreciation-buildings 115,000 125,000 Accumulated depreciation- 75,000 equipment Patents (net of amortization) Accounts payable Notes payable 25,000 105,000 175,000 35,000 255,000 345,000 112,000 payable Bonds Payable Common stock Totals ,217,000, 1,217,000 Additional information: 1. The investment account includes an investment in common stock of another corporation of $45,000 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 $40,000 that the company has not used and is currently listed for sale. 3. The cash account includes $30,000 restricted in a fund to pay bonds payable that mature in 2019 and th Treasury bill

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