DE19-16 The current asset sections of the balance sheets of three companies follow. Which company is a

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DE19-16 The current asset sections of the balance sheets of three companies follow. Which company is a service company? Which is a merchandiser? Which is a manufacturer? How can you tell? X-Treme Y-Not? Zesto Cash. $ 2.500 Cash $3,000 Cash... $ 2,000 Accounts receivable. 5.500 Accounts receivable Inventory... Prepaid expenses 8,000 Prepaid expenses.. 300 6.000 500 $9,500 Accounts receivable.. 5,000 Materials inventory. 1,000 Total........... Work in process inventory 800 Total. $16,300 Finished goods inventory. Total... 4.000 $12,800

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Accounting

ISBN: 9780130906991

5th Edition

Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones

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