Answer 1 of 1 Done C D Solution :- Benette Co Balance sheet December 31 S.NO Particulars Current Assets:- Al wirepaid Regt ve my dislike Accounts Receivable onlese, Alibwahdotoranti Recents Bcha NetAcecurits Receivable e , I can Cash se roti carentices apskates pl Bondens livestmentsk you Notes Receivable (due in 4 years) Total Assets ($22,000+ $4,000) Liabilities:- Current Liabilities:- Accounts Payable Long Term Liabilities:- Notes Payable (due in 10 years) Total Liabilities (H = F+G) Equity:- Total Equity Total Liabilities + Equity (J = H+1) E F . G H 1 Selected accounts from Bennett Co s adjusted trial balance for the year ended December 31 follow Prepaid rent $1.000 Accounts payable $2,500 Accounts receivable 10,000 Allowance for doubtful accounts 500 Cash 12, Notes payable durine years) 6.000 Total equity 15.000 Notes receivable (due in 4 years) 4.000 Prepare a classified balance sheet Note: Allowance for doubtful accounts is subtracted from accounts receivable on the company's balance sheet Balance Short Dicomboral Assets Current You can assets Longum investments Tous