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The following is a December 31, 2024, post-closing trial balance for Almway Corporation. Account Title Cash Investment in equity securities Accounts receivable Inventory Prepaid
The following is a December 31, 2024, post-closing trial balance for Almway Corporation. Account Title Cash Investment in equity securities Accounts receivable Inventory Prepaid insurance (for the next 9 months) Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Patent (net) Accounts payable Notes payable Interest payable Bonds Payable Common stock Retained earnings Totals Debits $ 45,000 110,000 Credits 60,000 200,000 9,000 90,000 420,000 $ 100,000 110,000 60,000 10,000 75,000 130,000 20,000 240,000 300,000 129,000 $ 1,054,000 $ 1,054,000
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