11.1Selected accounts from Han Corporation’s trial balance are as follows. Prepare the detailed schedule showing the Property, Plant, and Equipment. # HAN CORPORATION## Trial Balance### December 31**(Selected Accounts)**| Account | Debit | Credit ||----------------------------------------------|------------|-----------|| Cash | $150,000 | || Short-term Marketable Securities | 145,000 | || Accounts Receivable | 26,000 | || Inventories | 90,000 | || Other Current Assets | 10,000 | || Land | 350,000 | || Buildings | 300,000 | || Accumulated Depreciation: Buildings | | $40,000 || Equipment | 145,000 | || Accumulated Depreciation: Equipment | | 10,000 || Goodwill | 40,000 | || Other Intangible Assets | 20,000 | |This trial balance lists selected accounts for HAN Corporation as of December 31. The accounts are divided into debits and credits, reflecting the company’s financial status in various asset accounts. The accumulated depreciation accounts for buildings and equipment are recorded as credits, indicating the depreciation amounts for these assets.

Property, Plant, and Equipment is a fixed assets head under the Balance Sheet assets side that shows…

HAN CORPORATION Trial Balance December 31 (Selected Accounts) Debit Credit Cash $ 150,000 Short-term Marketable Securities 145,000 Accounts Receivable 26,000 Inventories 90,000 Other current Assets 10,000 Land 350,000 Buildings Accumulated Depreciation: Buildings 300,000 $40,000 145,000 Equipment Accumulated Depreciation: Equipment 10,000 Goodwill 40,000 Other Intangible Assets 20,000

HAN CORPORATION Trial Balance December 31 (Selected Accounts) Debit Credit Cash $ 150,000 Short-term Marketable Securities 145,000 Accounts Receivable 26,000 Inventories 90,000 Other current Assets 10,000 Land 350,000 Buildings Accumulated Depreciation: Buildings 300,000 $40,000 145,000 Equipment Accumulated Depreciation: Equipment 10,000 Goodwill 40,000 Other Intangible Assets 20,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

11.1Selected accounts from Han Corporation’s trial balance are as follows. Prepare the detailed schedule showing the Property, Plant, and Equipment.

# HAN CORPORATION
## Trial Balance
### December 31

**(Selected Accounts)**

| Account | Debit | Credit |
|----------------------------------------------|------------|-----------|
| Cash | $150,000 | |
| Short-term Marketable Securities | 145,000 | |
| Accounts Receivable | 26,000 | |
| Inventories | 90,000 | |
| Other Current Assets | 10,000 | |
| Land | 350,000 | |
| Buildings | 300,000 | |
| Accumulated Depreciation: Buildings | | $40,000 |
| Equipment | 145,000 | |
| Accumulated Depreciation: Equipment | | 10,000 |
| Goodwill | 40,000 | |
| Other Intangible Assets | 20,000 | |

This trial balance lists selected accounts for HAN Corporation as of December 31. The accounts are divided into debits and credits, reflecting the company’s financial status in various asset accounts. The accumulated depreciation accounts for buildings and equipment are recorded as credits, indicating the depreciation amounts for these assets.

Definition Definition Statement that shows the ending balance of all the ledger accounts of a firm at the end of the accounting period. The trial balance is prepared after all the entries have been posted to the ledger accounts and assists in preparing the final accounts of a firm.

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