The following is the ending balances of accounts at June 30, 2016, for Excell Company. Account Title Debits Credits 83,000 65,000 280,000 32,000 75,000 320,000 Cash Short-term investments Accounts receivable Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Accounts payable Accrued expenses Notes payable Mortgage payable Common stock Retained earnings 160,000 265,000 120,000 173,000 45,000 100,000 250,000 100,000 172,000 Totals 1,120,000 1,120,000 Additional information: 1. The short-term investments account includes $18,000 in U.S. treasury bills purchased in mature in July. 2. The accounts receivable account consists of the following: $225,000 a. Amounts owed by customers b. Allowance for uncollectible accounts-trade customers c. Nontrade note receivable (due in three years) d. Interest receivable on note (due in four months) (15,000) 65,000 5,000 The following is the ending balances of accounts at June 30, 2016, for Excell Company. Account Title Debits Credits 83,000 65,000 280,000 32,000 75,000 320,000 Cash Short-term investments Accounts receivable Prepaid expenses Land Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Accounts payable Accrued expenses Notes payable Mortgage payable Common stock Retained earnings 160,000 265,000 120,000 173,000 45,000 100,000 250,000 100,000 172,000 Totals 1,120,000 1,120,000 Additional information: 1. The short-term investments account includes $18,000 in U.S. treasury bills purchased in mature in July. 2. The accounts receivable account consists of the following: $225,000 a. Amounts owed by customers b. Allowance for uncollectible accounts-trade customers c. Nontrade note receivable (due in three years) d. Interest receivable on note (due in four months) (15,000) 65,000 5,000