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The following is a December 31, 2016, post-closing trial balance for Almway Corporation. Cash Investments Accounts receivable Inventories Prepaid insurance Land Buildings Accumulated depreciation-buildings Equipment

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The following is a December 31, 2016, post-closing trial balance for Almway Corporation. Cash Investments Accounts receivable Inventories Prepaid insurance Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation- 73,000 138,000 74,000 214,000 5,000 118,000 34,000 114,000 124,000 74,000 Patents (net of amortization) Accounts payable Notes payable 24,000 103,000 172,000 34,000 254,000 342,000 111,000 Interest payable Bonds Payable Common stock Retained earnings Totals 1204,000 1,204,000 Additional information: 1. The investment account includes an investment in common stock of another corporation of $44,000 which management intends to hold for at least three years. The balance of these investments is intended to be sold in the coming year for sale $37.000 set aside in a three-month Treasury bill 2. The land account includes land which cost $39.000 that the company has not used and is currently listed 3. The cash account includes $29,000 restricted in a fund to pay bonds payable that mature in 2019 and 4. The notes payable account consists of the following a a $44,000 note due in six months b a 564,000 note due in six years c, a $64,000 note due in five annual installments of $12,800 each, with the next installment due February 15 2017 $74,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $9,000 5 The 6. The common stock account represents 114,000 shares of no par value common stock issued and outstanding The corporation has 700 000 shares authorized be Required: Prepare a classified balance sheet for the Almway Corporation at December 31 2016 (Amounts to deducted should be indicated by a minus sign.) PASSWORD: Study341

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