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Give me an example of The following is a December 3 1 , 2 0 2 4 , post - closing trial balance for Almway
Give me an example of The following is a December postclosing trial balance for Almway Corporation.
Account Title Debits Credits
Cash $
Investment in equity securities
Accounts receivable
Inventory
Prepaid insurance for the next months
Land
Buildings
Accumulated depreciationbuildings $
Equipment
Accumulated depreciationequipment
Patent net
Accounts payable
Notes payable
Interest payable
Bonds Payable
Common stock
Retained earnings
Totals $ $
Additional information:
The investment in equity securities account includes an investment in common stock of another corporation of $ 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 account includes land which cost $ that the company has not used and is currently listed for sale.
The cash account includes $ restricted in a fund to pay bonds payable that mature in and $ restricted in a threemonth Treasury bill.
The notes payable account consists of the following:
a $ note due in six months.
a $ note due in six years.
a $ note due in five annual installment
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