Question
Current assets for two different companies at fiscal year-end 2017 are listed here. One is a manufacturer, Rayzer Skis Mfg., and the ther, Sunrise Foods,
Current assets for two different companies at fiscal year-end 2017 are listed here. One is a manufacturer, Rayzer Skis Mfg., and the ther, Sunrise Foods, is a grocery distribution company. Account Company 1 Company 2 Cash $13,000 $11,000 Raw materials inventory Merchandise inventory 46,750 49,750 Work in process inventory 34,000 Finished goods inventory 54,000 Accounts receivable, net. 60,000 77,000 Prepaid expenses 2,500 500 Required: (1) Identify which set of numbers relates to the manufacturer and which to the merchandiser (2) Prepare the current asset section for each company from this information. Complete this question by entering your answers in the tabs below. Req 21 Req 1 Company 1 Req 2 Company 2 Identify which set of numbers relates to the manufacturer and which to the merchandiser. Which of these company is manufacturer Which of these company is a merchandiser Req 2 Company 1 > manufacturer did which to the merchandise (2) Prepare the current asset section for each company from this information. Complete this question by entering your answers in the tabs below. Req 1 Req 2 Company 1 Req 2 Company 2 Prepare the current asset section for company 1 from this information. Company 1 Sunrise Foods Balance Sheet-Current Asset Section December 31, 2017 Total current assets Complete this question by entering your answers in the tabs below. Req 2 Req 1 Req 2 Company 1 Company 2 Prepare the current asset section for company 2 from this information. Company 2 Rayzer Skis Mfg. Balance Sheet-Current Asset Section December 31, 2017 Total current assets
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