The following is a December 31, 2016, post-closing trial balance for Almway Corporation. ...
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Accounting
The following is a December 31, 2016, post-closing trial balance for Almway Corporation. |
Account Title | Debits | Credits | ||||||||||||||||||||||||||||||
Cash | 73,000 | |||||||||||||||||||||||||||||||
Investments | 138,000 | |||||||||||||||||||||||||||||||
Accounts receivable | 74,000 | |||||||||||||||||||||||||||||||
Inventories | 214,000 | |||||||||||||||||||||||||||||||
Prepaid insurance | 5,000 | |||||||||||||||||||||||||||||||
Land | 118,000 | |||||||||||||||||||||||||||||||
Buildings | 434,000 | |||||||||||||||||||||||||||||||
Accumulated depreciationbuildings | 114,000 | |||||||||||||||||||||||||||||||
Equipment | 124,000 | |||||||||||||||||||||||||||||||
Accumulated depreciationequipment | 74,000 | |||||||||||||||||||||||||||||||
Patents (net of amortization) | 24,000 | |||||||||||||||||||||||||||||||
Accounts payable | 103,000 | |||||||||||||||||||||||||||||||
Notes payable | 172,000 | |||||||||||||||||||||||||||||||
Interest payable | 34,000 | |||||||||||||||||||||||||||||||
Bonds Payable | 254,000 | |||||||||||||||||||||||||||||||
Common stock | 342,000 | |||||||||||||||||||||||||||||||
Retained earnings | 111,000 | |||||||||||||||||||||||||||||||
Totals | 1,204,000 | 1,204,000 | ||||||||||||||||||||||||||||||
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