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2. Wxz Enterprise and STH Industries report the following information at 31st December, 20Y1. Accounts WXZ STH RM RM Accounts receivable 41,000 68,000 Cash 6,000

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2. Wxz Enterprise and STH Industries report the following information at 31st December, 20Y1. Accounts WXZ STH RM RM Accounts receivable 41,000 68,000 Cash 6,000 7,000 Finished goods-inventory 25,000 Work in process-inventory 40,000 Merchandise inventory 48,000 Prepaid expenses 1,000 2,000 Raw materials-inventory 21,000 Required: (a) Which business is a manufacturer? Explain. (4 marks) (b) Prepare the current assets section of the balance sheet for both entities, WXZ Enterprise and STH Industries. 19 mars

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