Determine the amount of current liabilities


Response to the following problem:

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

Accounts payable, $7,200;

Salaries payable, $5,800;

Income taxes payable, $4,000;

Short-term notes payable, $2,500;

Dividends payable, $750; and

Investment in held-to-maturity bonds, $2,750.

Prepare the current liabilities section of Dorothy Corporation's balance sheet.

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Financial Accounting: Determine the amount of current liabilities
Reference No:- TGS02100103

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