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post-closing trial balance for Almway Corporation The following is a December 31, 2018, Credits Debits Account Title 59,000 124,000 67,000 207,900 Cash Investments Accounts receivable

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post-closing trial balance for Almway Corporation The following is a December 31, 2018, Credits Debits Account Title 59,000 124,000 67,000 207,900 Cash Investments Accounts receivable Inventories Prepaid insurance (for the next 9 months) Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Patents (net of amortization) 6,000 104,090 427,000 $ 107,000 117,090 67,000 17,000 Accounts payable Notes payable 89,000 151,000 27,000 247,000 321,000 119,000 $1,128,000 $1,128,000 Interest payable Bonds Payable Common stock Retained earnings Totals 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 $37000 note due in six months b. a $57000 note due in six years c. a $57000 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 107000 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 e minus sign.)

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