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The following is a December 31. 2018, post-closing trial balance for Almway Corporation. 73,000 138, 000 74, 000 214,000 5, 000 118,000 434,000 Cash Investments
The following is a December 31. 2018, post-closing trial balance for Almway Corporation. 73,000 138, 000 74, 000 214,000 5, 000 118,000 434,000 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 114,000 124,000 74,000 24,000 103,000 172,000 34, 000 254,000 342,000 111,000 1,204,000 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 investments is intended to be sold in the coming year. hold for at least three years. The balance of these 2. The land account includes land which cost $39.000 that the company has not used and is currently listed for sale 3. The cash account includes $29,000 restricted in a fund to pay bonds payable that mature in 2021 and $37000 set aside in a three month Treasury bil. a. a $44.000 note due in six months. C a $64.000 note due in five annual 4. The notes payable account consists of the following instalments of $12.800 each, with the next installment due February 15, 2019. 5. The $74.000 balance in accounts receivable is net of an allowance for uncollectible accounts of $9.000 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 Required by a minus sign.) Prepare a classified balance sheet for the Almway Corporation at December 31,.2018. (Amounts to be deducted should be Indicated
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