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Notes payable

Account summary American Express. Sus PrintSmart Best Buy Credit Card Heine Learning Co. o saral significado no New Tab Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Return to question The following is a December 31, 2018, post-closing trial balance for Almway Corporation, Account Title cred Investments Accounts receivable 47.000 112,000 61.000 201.000 92.000 421.000 101.000 111.000 61.000 11.000 Prepaid insurance for the next Land Buildings Accumulated depleciation-buildings Equipment Accumulated depreciation equipment Patents (net of amortization) Accounts payable Notes payable Interest payable Bonde Payable Common stock Retained earnings Totals 72.000 133,000 103.000 127.000 Additional information: 1. The investment account includes an investment in common stock of another corporation of $31,000 which management intends to hold for at least three years. The balance of these investments is intended to be sold in the coming year. 2. The land account includes land which cost $26,000 that the company has not used and is currently listed for sale 3. The cash account includes $16,000 restricted in a fund to pay bonds payable that mature in 2021 and $24,000 set aside in a three- month Treasury bill 4. The notes payable account consists of the following: a. a $31.000 note due in six months b. a $51,000 note due in six years. c. a $51.000 note due in five annual installments of $10.200 each, with the next installment due February 15, 2019 5. The $61,000 balance in accounts receivable is net of an allowance for uncollectible accounts of $9.000. 6. The common stock account represents 101000 shares of no par value common stock issued and outstanding. The corporation has 400,000 shares authorized

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