18 QS 7-19 (Algo) Preparing a balance sheet LO P2, P4, C3 Selected accounts from Bennett Company's adjusted trial balance for the year ended December 31 follow. 6 points Prepaid rent Accounts receivable Cash Total equity eBook $ 2,900 Accounts payable 19,500 Allowance for doubtful accounts 31,000 Notes payable (due in 10 years) 39,700 Notes receivable (due in 4 years) $ 4,400 1,900 12,500 5,100 Prepare a classified balance sheet. Note: Allowance for doubtful accounts is subtracted from accounts receivable or balance sheet. Ask BENNETT COMPANY Balance Sheet 0 December 31 References Assets Current assets Total current assets Long-term investments Total assets Current liabilities Long-term liabilities Liabilities Total liabilities Total equity Equity Total liabilities and equity