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Solve for short term notes payable A) post-closing trial balance for the Happy Valley Corporation. Account Name Cash Accounts Receivable Inventory Interest Payable Marketable Securities

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A) post-closing trial balance for the Happy Valley Corporation. Account Name Cash Accounts Receivable Inventory Interest Payable Marketable Securities Land Buildings Accumulated Depreciation--Building Equipment Accumulated Depreciation- Equipment Copyright (net of Amortization) Prepaid Expenses Accounts Payable Unearned Revenues Notes Payable Allowance for Uncollectible Accounts Common Stock Retained Earnings Additional Information: 1. The $118620 balance in the land account consists of S97061 for the cost of land where the plant and office buildings are located. The remaining amount represents the cost of land being held for speculation. 2. The $45657 in the marketable securities account represents an investment in the common stock of another corporation. Valley intends to sell one-half of the stock within the next year 3. The notes payable account consists of a note due in six months and a $141141 note due in three equal annual installments, with the first payment due in August of 2018. Calculate the following balance sheet total for the Happy Valley Corporation at December 3 2017 Short-term Notes Payable: Debit Credit 25556 57044 82223 12888 45657 118620 300180 99891 73517 22707 12537 32455 66139 22873 250730 3636 70470

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