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 $16,000 of the mortgage is payable next year.
Definitions:
Modified Leaf
A leaf that has evolved to serve functions other than photosynthesis, such as protection or reproduction.
Bulb
A globose, fleshy, underground bud that consists of a short stem with fleshy leaves (e.g., onion).
Leaf Abscission
The natural process by which leaves detach from a plant, typically in response to environmental triggers or seasonal changes.
Abscisic Acid
A plant hormone that regulates many aspects of plant growth and development, including stress responses, seed dormancy, and stomatal closure.
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