Selected accounts from Han Corporation’s trial balance are as follows. Prepare a partial balance sheet listing only the Fixed Assets section. Han Corporation Abbreviated Trial Balance December 31, 2020 Account Name (Acct. #) Debit Balances Credit Balances 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 150,000 Goodwill 40,000 Other Intangible Assets 20,000
Selected accounts from Han Corporation’s trial balance are as follows. Prepare a partial balance sheet listing only the Fixed Assets section. Han Corporation Abbreviated Trial Balance December 31, 2020 Account Name (Acct. #) Debit Balances Credit Balances 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 150,000 Goodwill 40,000 Other Intangible Assets 20,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
- Selected accounts from Han Corporation’s
trial balance are as follows. Prepare a partialbalance sheet listing only the Fixed Assets section.
Han Corporation |
|||||
Abbreviated Trial Balance |
|||||
December 31, 2020 |
|||||
Account Name |
(Acct. #) |
|
Debit Balances |
Credit Balances |
|
|
|
|
|
|
|
Cash |
|
|
150,000 |
|
|
Short-term Marketable Securities |
|
|
145,000 |
|
|
|
|
|
26,000 |
|
|
Inventories |
|
|
90,000 |
|
|
Other Current Assets |
|
|
10,000 |
|
|
Land |
|
|
350,000 |
|
|
Buildings |
|
|
300,000 |
|
|
|
|
|
|
40,000 |
|
Equipment |
|
|
145,000 |
|
|
Accumulated Depreciation: Equipment |
|
|
|
150,000 |
|
|
|
|
40,000 |
|
|
Other Intangible Assets |
|
|
20,000 |
|
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education