On December $31,2020,$ Buffalo Company has $$7,023,000$ of short$-$term debt in the form of notes payable to Gotham State Bank due Accounts Payable

in $2021.$ On December $28,2020,$ Buffalo enters into a refinancing agreement with Gotham that will permit it to borrow up to $59\%$ of

the gross amount of its accounts receivable. Receivables are expected to range between a low of $$6,018,000$ in May to a high of

$$8,029,000$ in October during the year $2021.$ The interest cost of the maturing short$-$term debt is $15\%,$ and the new agreement calls

for a fluctuating interest at $1\%$ above the prime rate on notes due in $2025.$ Buffalo's December $31,2020,$ balance sheet is issued on

February $15,2021.$

Prepare a partial balance sheet for Buffalo at December $31,2020,$ showing how its $$7,023,000$ of short$-$term debt should be

presented. $($Enter account name only and do not provide descriptive information.$)$

$

Loss from Expropriation

Loss on ARO Settlement

No Entry

Notes Payable

Oil Platform

Payroll Tax Expense

Plant Assets

Premium Expense

Premium Liability

Purchases

Purchase Discounts

Purchase Returns and Allowances

Retained Earnings

Salaries and Wages Expense

Salaries and Wages Payable

Sales Revenue

Sales Tax Payable

SUTA Taxes Payable

Trucks

Unearned Sales Revenue

Unearned Warranty Revenue

Union Dues Payable

Warranty Expense

Warranty Liability

Warranty Revenue

Withholding Taxes Payable