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The following is a December 31, 2021, post-closing trial balance for Almway Corporation. Account Title Debits Credits Cash 71,000 Investment in equity securities 136,000
The following is a December 31, 2021, post-closing trial balance for Almway Corporation. Account Title Debits Credits Cash 71,000 Investment in equity securities 136,000 Accounts receivable 73,000 Inventory 213,000 Prepaid insurance (for the next 9 months) 6,000 Land 116,000 Buildings 433,000 Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Patent (net) Accounts payable Notes payable Interest payable Bonds Payable Common stock Retained earnings Totals $ 113,000 123,000 73,000 23,000 101, 000 169,000 33,000 253,000 339,000 113,000 $1,194,000 $1,194,000
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