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Montalvo Bionics showed the following alphabetized unadjusted trial balance at April 30, 2020: Account Accounts payable Accounts receivable Accumulated depreciation, furniture Accumulated depreciation, machinery Allowance

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Montalvo Bionics showed the following alphabetized unadjusted trial balance at April 30, 2020: Account Accounts payable Accounts receivable Accumulated depreciation, furniture Accumulated depreciation, machinery Allowance for doubtful accounts Canh Expenses Furniture Josh Montalvo, capital Josh Montalvo withdrawals Machinery Note payable Patent Prepaid rent Revenues Unearned revenue Balance $ 5,100 17.400 10, 200 20, 210 1,020 10,200 89, 400 22, 800 33,850 84,000 51,000 14,700 25, 200 16,560 225,600 5.880 Other information: a. All accounts have normal balances. b. The furniture was depreciated using the straight-line method and had a useful life of five years and residual value of zero. c. The machinery was depreciated using the double declining balance method and had a useful life of 10 years and residual value of $28,200. d. The patent was purchased on November 2, 2019, and is expected to be used for 15 years, after which it will have no value. e. The balance in Prepaid Rent represents rent from June 1, 2019, to May 31, 2020. f. $6.600 of the note pavable will be paid by April 30. 2021. MONTALVO BIONICS Balance Sheet April 30, 2020 Assets Current assets Total current assets $ Property, plant and equipment 0 Total property, plant and equipment Intangible assets S 0 Total assets Liabilities Total property, plant and equipment Intangible assets 0 Total assets CA Liabilities Current liabilities Total current liabilities $ 0 Non-current liabilities: Total liabilities 0 Equity 0 Total liabilities and equity

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