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The following is a December 31, 2018, post-closing trial balance for Almway Corporation. Account Title Cash Investments Accounts receivable Inventories Prepaid insurance (for the next
The following is a December 31, 2018, post-closing trial balance for Almway Corporation. Account Title 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) Accounts payable Notes payable Interest payable Bonds Payable Common stock Retained earnings Totals Debits Credits 51,000 116,000 63,000 203,000 9,000 96,000 423,000 103,000 113,000 63,000 13,000 81,000 139,000 23,000 243,000 309,000 126,000 1,087,000 1,087,000
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