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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
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 Canh $12,000 $10,000 Raw materials inventory 39,875 Merchandise inventory 42,875 Work in process inventory 29,000 Tinished goods inventory 49,000 Accounts receivable, net 56,000 66,000 Prepaid expenses 4,500 900 Required: 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser. 21. & 2b. Prepare the current asset section for each company from this information. Complete this question by entering your answers in the tabs below. Reg! Reg 2A Reg 23 Identity 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 Company 1 Company 1 Req2A > #TUCIUTY WIILIT JELUI TUITIVCISICIULCS LLIC HUITUIULUICI UITU VINICI LLIC ITICILITUITUNCI. 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 Req 2A Reg 2B Prepare the current asset section for Company 2 from this information. Rayzer Skis Mfg. Balance Sheet-Current Asset Section Fiscal Year-end Accounts receivable Cash Finished goods inventory Merchandise inventory Prepaid expenses Total current assets
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