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Selected accounts from Bennett Co's adjusted trial balance for the year ended December 31 follow. Prepaid rent Accounts receivable Cash Total equity $ 1,800 14,000

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Selected accounts from Bennett Co's adjusted trial balance for the year ended December 31 follow. Prepaid rent Accounts receivable Cash Total equity $ 1,800 14,000 20,000 28,700 Accounts payable Allowance for doubtful accounts Notes payable (due in 18 years) Notes receivable (due in 4 years) $ 3,300 1,000 6,560 3,700 Prepare a classified balance sheet. Note: Allowance for doubtful accounts is subtracted from accounts receiv. balance sheet BENNETT CO. Balance Sheet December 31 Assets Current assets Total current assets Long-term investments Total assets Assets Current assets Total current assets Long-term investments Total assets Liabilities Current liabilities Long-term liabilities Total liabilities Equity Total equity Total liabilities and equity

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