Compute the amount of current assets


Response to the following problem:

Dorothy Corporation had the following accounts in its year-end adjusted trial balance:

Inventories, $23,600;

Accounts receivable, $7,600;

Accounts payable, $7,200;

Prepaid rent, $2,400;

Marketable securities, $3,000;

Allowance for doubtful accounts, $1,100; and

Cash, $1,500.

Prepare the current assets section of Dorothy Corporation's year-end balance sheet.

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Accounting Basics: Compute the amount of current assets
Reference No:- TGS02100107

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