QS 9-16 Preparing a balance sheet LO P2, P4, C3 Selected accounts from Bennett Ca's adjusted trial balance for the yewended December 31 follow Prepaid rent Accounts receivable $ 1,200 11.000 14,800 21,600 Accounts payable Allowance for doubtful accounts Notes payable (due in 10 years) Notes receivable (due in 4 years) $2,700 500 6,200 4,200 Total equity Prepare a closed balance sheet Note: Allowance for doubtful accounts is subtracted from accounts balance sheet BENNETT CO Halance Sheet December 31 here to search Assets Current assets Cash Total current assets Long-term investments 0 Total assets $ 0 Liabilities Current liabilities Long-term liabilities Total liabilities Total equity Total liabilities and equity ere to search