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Please help me with the answers marked wrong and if there's something missing The following is a December 31, 2018, post-closing trial balance for Almway

Please help me with the answers marked wrong and if there's something missingimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

The following is a December 31, 2018, post-closing trial balance for Almway Corporation Debits Account Title Credits $ 59,000 124,000 67,000 207,000 6,000 104,000 427,000 Investments Accounts receivable Inventories Prepaid insurance (for the next 9 months) Land Buildings Accumulated depreciation-building:s Equipment Accumulated depreciation-equipment Patents (net of amortization) Accounts payable Notes payable Interest payable Bonds Payable Common stock Retained earnings Totals 107,000 117,000 67,000 17,000 89,000 151,000 27,000 247,000 321,000 119,000 $1,128,000 $ 1,128,000 Additional information: 1. The investment account includes an investment in common stock of another corporation of $37,000 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 $32,000 that the company has not used and is currently listed for sale 3. The cash account includes $22,000 restricted in a fund to pay bonds payable that mature in 2021 and $30,000 set aside in a three-month Treasury bill 4. The notes payable account consists of the following a. a $37,000 note due in six months b. a $57,000 note due in six years C. a $57,000 note due in five annual installments of $11,400 each, with the next installment due February 15, 2019 5. The $67,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $7,000 6. The common stock account represents 107,000 shares of no par value common stock issued and outstanding. The corporation has 700,000 shares authorized Required Prepare a classified balance sheet for the Almway Corporation at December 31, 2018. (Amounts to be deducted should be indicated by a minus sign.) Answer is not complete. ALMWAY CORPORATION Balance Sheet At December 31, 2018 Assets Current assets 37,000 94,000 8 67,000 Cash and cash equivalents Short-term investments Accounts receivable, net of allowance Inventories Prepaid insurance 207,000 6,000 Prepaid insurance 6,000 Total current assets 411,000 Investments $ 37,000 Marketable securities Land held for sale Restricted cash 32,000 22,000 91,000 Total investments Property, plant, and equipment 104,000 Land Buildings Equipment 427,000 117,000 648,000 Less: Accumulated depreciation-buildings(107,000) Less: Accumulated depreciation-equipment equipment(67.000) 474,000 Net property, plant, and equipment Patents 17,000 $ 993,000 Total assets Liabilities and Shareholders' Equity Current liabilities Accounts payable Interest payable Notes payable 89,000 27,000 151,000 Less: Accurmuiatea aepreciauon-equipient Net property, plant, and equipment 474,000 17,000 Patents $ 993,000 Total assets Liabilities and Shareholders' Equity Current liabilities Accounts payable Interest payable Notes payable Current maturities of long-term debt 89,000 27,000 151,000 11,400 Total current liabilities 278,400 Long-term liabilities Notes payable Bonds payable $ 104,000 247,000 351,000 629,400 Total long-term liabilities Shareholders' equity 321,000 Common stock 119,000 Retained earnings Total shareholders' equity 440,000 $1,069,400 Total liabilities and shareholders' equity

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