Question
Help Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate
Help Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion 6 Problem 3-3 (Algo) Balance sheet preparation [LO3-2, 3-3] The following is a December 31, 2024, post-closing trial balance for Almway Corporation 5 nts 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 Additional information: Debits $ 67,000 132,000 Credits 71,000 211,000 9,000 112,000 431,000 $111,000 121,000 71,000 21,000 97,000 163,000 31,000 251,000 333,000 118,000 $ 1,175,000 $ 1,175,000
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