PA1. 11.1 Selected accounts from Phipps Corporation's trial balance are as follows. Prepare the assets section of the company's balance sheet. | PHIPPS CORPORATION Trail Balance December 31 (Selected Accounts) Debit Credit Cash $ 50,000 Short-term Marketable Securities 25,000 Accounts Receivable 13,000 Inventories 45,000 Other current Assets 10,000 100,000 45,000 Land Equipment Accumulated Depreciation: Equipment $5,000 Goodwill 20,000 Other Intangible Assets 15,000

Selected accounts from Han Corporation’s trial balance are as follows. Han Corporation Trial Balance December 31 (Selected Accounts)       Debit Credit Cash $160,000       Short-Term Marketable Securities 145,000       Accounts Receivable 25,000       Inventories 90,000       Other Current Assets 20,000       Land 330,000       Buildings 300,000       Accumulated Depreciation-Buildings   $40,000    Equipment 144,000       Accumulated Depreciation-Equipment   15,000    Goodwill 40,000       Other Intangible Assets 20,000       Prepare the detailed schedule showing the Property, Plant, and Equipment.     Property, Plant, and Equipment, Net   $fill in the blank 2   fill in the blank 4   fill in the blank 6 Gross Property, Plant, and Equipment $fill in the blank 7   fill in the blank 9 Total Property, Plant, and Equipment, Net $fill in the blank 10

The following information was extracted from the records of Lodh Ltd for the year ended 30 June 2021.   Lodh LTD Statement of financial position (extract) As at 30 June 2021 Relevant Assets         Accounts Receivable   $50,000     Allowance for doubtful debts   (4,000) $46,000   Prepaid rent     42,000   Plant   200,000     Accumulated depreciation – Plant (25% on cost)   (50,000) 150,000 DTA beginning balance   1,000   …       Relevant Liabilities       Interest Payable     2,000 Provision for long service leave     10,000 Unearned revenue     20,000 DTL beginning balance     5,000 …         Additional information ·                The tax depreciation for plant is considered at 30% of $200,000 (original cost) at 30 June 2021. ·                Long service leave has not been taken by any employee during the year. ·                There…

Selected accounts from Han Corporation's trial balance are as follows. Han Corporation Trial Balance December 31 (Selected Accounts) Debit Credit Cash $180,000 Short-Term Marketable Securities 140,000 Accounts Receivable 27,000 Inventories 90,000 Other Current Assets 20,000 Land 320,000 Buildings 300,000 Accumulated Depreciation-Buildings $40,000 Equipment 143,000 Accumulated Depreciation-Equipment 10,000 Goodwill 40,000 Other Intangible Assets 20,000 Prepare the detailed schedule showing the Property, Plant, and Equipment. Property, Plant, and Equipment, Net Gross Property, Plant, and Equipment Total Property, Plant, and Equipment, Net