P3-3.docx - P 3–3 The following is a December 31, 2013,...

P 3–3 The following is a December 31, 2013, post-closing trial balance for Almway
Corporation.
Additional Information:
1. The investment account includes an investment in common stock of another
corporation of $30,000 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 $25,000 that the company has not
used and is currently listed for sale.
3. The cash account includes $15,000 set aside in a fund to pay bonds payable
that mature in 2016 and $23,000 set aside in a three-month Treasury bill.
4. The notes payable account consists of the following:
1.