On December 31, 2017, Hattie McDaniel Company had $1,200,000of short-term debt in the form of notes payable due February 2, 2018. On January 21, 2018, the company issued25,000shares of its common stock for $38per share, receiving $950,000proceeds after brokerage fees and other costs of issuance. On February 2, 2018, the proceeds from the stock sale, supplemented by an additional $250,000cash, are used to liquidate the $1,200,000debt. The December 31, 2017, balance sheet is issued on February 23, 2018.

Show how the $1,200,000of short-term debt should be presented on the December 31, 2017, balance sheet.(Enter account name only and do not provide descriptive information.)