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Q Pr PO Selected accounts from Bennett Co.'s adjusted trial balance for the year ended December 31 follow, Prepare a classified balance sheet. Note: Allowance

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Q Pr PO Selected accounts from Bennett Co.'s adjusted trial balance for the year ended December 31 follow, Prepare a classified balance sheet. Note: Allowance for doubtful accounts is subtracted from accounts re- ceivable on the company's balance sheet. Prepaid rent $ 1,000 Accounts payable $2,500 Accounts receivable 10.000 Allowance for doubtful accounts. 12,000 Notes payable (due in 10 years) 18,000 Notes receivable (due in 4 years) Cash Total equity 500 6,000 4,000

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