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Problem 3 - 3 ( Algo ) Balance sheet preparation [ LO 3 - 2 , 3 - 3 ] The following is a December

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.
\table[[Account Title,Debits,Credits],[Cash,$77,000,],[Investment in equity securities,142,000,],[\table[[Accounts receivable],[Inventory]],76,000,],[\table[[Inventory],[Prepaid insurance (for the next 9]],216,000,],[\table[[Prepaid insurance (for the next 9],[months)]],6,000,],[\table[[Land],[Buildings]],122,000,],[\table[[Buildings],[Accumulated depreciation-buildings]],436,000,],[\table[[Accumulated depreciation-buildings],[Equipment]],126.000,$116,000
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