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Montalvo Bionics showed the following alphabetized unadjusted trial balance at April 30, 2023: Other information: a. All accounts have normal balances. b. The furniture was
Montalvo Bionics showed the following alphabetized unadjusted trial balance at April 30, 2023: 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 $27,300. d. The patent was purchased on November 2,2022 , 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, 2022, to May 31, 2023. f. $5,700 of the note payable will be paid by April 30,2024 . Required: Prepare a classified balance sheet at April 30, 2023. (Do not round intermediate calculations. Be sure to list the assets and liabilities in order of their liquidity.) Required: Prepare a classified balance sheet at April 30, 2023. (Do not round intermediate calculations. in order of their liquidity.) Montalvo Bionics showed the following alphabetized unadjusted trial balance at April 30. 2023: 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 $27,300 d. The patent was purchased on November 2, 2022, 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, 2022, to May 31, 2023. f. $5,700 of the note payable will be paid by April 30,2024 . Required: Prepare a classified balance sheet at April 30, 2023. (Do not round intermediate G. culations. Ff sure to list the assets and liabilities in order of their liquidity.) MONTALVO BIONICS Balance Sheet April 30, 2023 Assets Current assets: Total current assets Property, plant and equipment: Total property, plant and equipment Intangible assets: Total assets Liabilities $ 0 Total property, plant and equipment Intangible assets: Total assets
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