Account Title Cash Accounts receivable Inventories Interest payable Marketable securities Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Copyright (net of amortization) Prepaid expenses (next 12 months) Accounts payable Deferred revenues (next 12 months) Notes payable Allowance for uncollectible accounts Common stock Retained earnings Totals Debits Credits 27,000 60,000 85,000 12,000 48,000 124,000 310,000 102,000 79,000 27,000 14,000 34,000 67,000 22,000 260,000 7,000 220,000 64,000 781,000 781,000 Additional information: 1. The $124,000 balance in the land account consists of $102,000 for the cost of land where the plant and office buildings are located 2. The $48,000 in the marketable securities account represents an investment in the common stock of another corporation. Valley 3. The notes payable account consists of a $104,000 note due in six months and a $156,000 note due in three annual installments of The remaining $22,000 represents the cost of land being held for speculation intends to sell one-half of the stock within the next year. $52,000 each, with the first payment due in August of 2019