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4. The notes payable account consists of the following: a. a $35.000 note due in six months. b. a $55,000 note due in six years.

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4. The notes payable account consists of the following: a. a $35.000 note due in six months. b. a $55,000 note due in six years. c. a $55,000 note due in five annual installments of $11,000 each, with the next installment due February 15,2025. 5. The $65,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $8,000. 6. The common stock account represents 105,000 shares of no par value common stock issued and outstanding. The corporation has 600,000 shares authorized. Required: repare a classified balance sheet for the Almway Corporation at December 31, 2024. Note: Amounts to be deducted should be indicated by a minus sign. The following is a December 31, 2024, post-closing trial balance for Almway Corporation Additional information: 1. The investment in equity securities account includes an investment in common stock of another corporation of $35,000 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 $30,000 that the company has not used and is currently listed for sale, 3. The cash account includes $20,000 restricted in a fund to pay bonds payable that mature in 2027 and $28,000 restricted in a three-month Treasury bill. 4. The notes payable account consists of the following: a. a $35,000 note due in six months. b. a $55.000 note due in six years. c. a $55,000 note due in five annual installments of $11,000 each, with the next installment due February 15,2025

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