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?? Current assets for two different companies at fiscal year-end are listed here. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods,
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Current assets for two different companies at fiscal year-end are listed here. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company. Account Company 1 Company 2 Cash $14,000 $12,000 Raw materials inventory Merchandise inventory. 46,750 49,750 34,000 T 54,000 Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses 69,000 67,000 900 4,500 Required: 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser. 2a. & 2b. Prepare the current asset section for each company from this information. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 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 Reg 2A > Current assets for two different companies at fiscal year-end are listed here. One is a manufacturer, Rayzer Skis Mfg., and the other Sunrise Foods, is a grocery distribution company. Account Company 1 Company 2 Cash $14,000 $12,000 46,750 Raw materials inventory Merchandise inventory Work in process inventory 49,750 34,000 54,000 Finished goods inventory Accounts receivable, net Prepaid expenses 67,000 69,000 4,500 900 Required: 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser. 2a. & 2b. Prepare the current asset section for each company from this information. Complete this question by entering your answers in the tabs below. Req 1 Reg 2A Req 28 Prepare the current asset section for Company 1 from this information. Sunrise Foods Balance Sheet-Current Asset Section Fiscal Year-end Total current assets Current assets for two different companies at fiscal year-end are listed here. One is a manufacturer, Rayzer Skis Mfg., and the other, Sunrise Foods, is a grocery distribution company. Account Company 1 Company 2 Cash $14,000 $12,000 Raw materials inventory. Merchandise inventory 46,750 49,750 34,000 54,000 Work in process inventory Finished goods inventory. Accounts receivable, net Prepaid expenses 69,000 67,000 4,500 900 Required: 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser. 2a. & 2b. Prepare the current asset section for each company from this information. Complete this question by entering your answers in the tabs below. Reg 1 Req 2A Req 28 Prepare the current asset section for Company 2 from this information. Rayzer Skis Mfg. Balance Sheet-Current Asset Section Fiscal Year-end Step by Step Solution
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