Question: Dorothy Corporation had the following accounts in its year end adjusted
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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