Selected accounts from Bennett Company's adjusted trial balance for the year ended December 31 follow. Accounts...

 

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Selected accounts from Bennett Company's adjusted trial balance for the year ended December 31 follow. Accounts receivable Cash Prepaid rent A. Bennett, Capital $ 2,600 Accounts payable 18,000 Allowance for doubtful accounts 28,000 Notes payable (due in 10 years) 36,700 Notes receivable (due in 4 years) Prepare a classified balance sheet. Note: Allowance for doubtful accounts is subtracted from accounts receivable on the company's balance sheet. Current assets BENNETT COMPANY Balance Sheet December 31 Assets Total current assets Long-term investments Selected accounts from Bennett Company's adjusted trial balance for the year ended December 31 follow. Accounts receivable Cash Prepaid rent A. Bennett, Capital $ 2,600 Accounts payable 18,000 Allowance for doubtful accounts 28,000 Notes payable (due in 10 years) 36,700 Notes receivable (due in 4 years) Prepare a classified balance sheet. Note: Allowance for doubtful accounts is subtracted from accounts receivable on the company's balance sheet. Current assets BENNETT COMPANY Balance Sheet December 31 Assets Total current assets Long-term investments