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Steiner Sales Company has the following selected accounts after posting adjusting entries: Accounts Payable $ 65,000 Notes Payable, 3-month 50,000 Accumulated Depreciation-Equipment 14,000 Notes Payable,
Steiner Sales Company has the following selected accounts after posting adjusting entries: Accounts Payable $ 65,000 Notes Payable, 3-month 50,000 Accumulated Depreciation-Equipment 14,000 Notes Payable, 5-year, 6% 80,000 Payroll Tax Expense 4,000 Interest Payable 3,000 Mortgage Payable 120,000 Sales Taxes Payable 38,000 Prepare the current liability section of Steiner Sales Company's balance sheet, assuming $15,000 of the mortgage is payable next year
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