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  3. the following is a december 31, 2024, post-closing

The following is a December 31, 2024, post-closing trial balance for Almway Corporation. Account Title...

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Accounting

The following is a December 31, 2024, post-closing trial balance for Almway Corporation. Account Title Debits Credits Cash $ 73,000 Investment in equity securities 138,000 Accounts receivable 74,000 Inventory 214,000 Prepaid insurance (for the next 9 months) 5,000 Land 118,000 Buildings 434,000 Accumulated depreciationbuildings $ 114,000 Equipment 124,000 Accumulated depreciationequipment 74,000 Patent (net) 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 Additional information: The investment in equity securities account includes an investment in common stock of another corporation of $44,000

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