Kingery Sales Company has the following selected accounts after posting adjusting entries: 
Instructions
Prepare the current liability section of Kingery Sales Company's balance sheet, assuming $20,000 of the mortgage is payable next year.
Definitions:
Plausible
Appearing likely or probable, often based on circumstantial evidence or logical reasoning, but not confirmed.
Plausible
Appearing reasonable or probable; believable or having an aura of truth.
Implausible
Lacking a sense of plausibility or credibility; unconvincing.
Informative
Providing useful or interesting information or data.
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