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End-of-year current assets for two different companies follow. One is a manufacturer, Rayzer Skis Manufacturing, and the other, Sonne Foods, is a merchandiser Account Company
End-of-year current assets for two different companies follow. One is a manufacturer, Rayzer Skis Manufacturing, and the other, Sonne Foods, is a merchandiser Account Company 1 Cash Company 2 $10,000 5.8,000 Merchandise inventory 48,375 Raw materials inventory 45,375 Work in process inventory 33,000 Finished goods Inventory 53,000 Accounts receivable, net 61,000 79,000 Prepaid expenses 4,500 900 1. Identity which set of numbers relates to the manufacturer and which to the merchandiser, 21. & 2b. Prepare the current asset section of the balance sheet at December 31 for each company Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 20 Identify which set of numbers relates to the manufacturer and which to the merchandiser Which of these company is a manufacturer? Which of these company is a merchandiser? RE Req2A > Exercise 1-11 (Algo) Balance sheet identification and preparation LO P1 End-of-year current assets for two different companies follow. One is a manufacturer, Rayzer Skis Manufacturing, and the other Sunrise Foods is a merchandiser Account Company Company 2 Cash $ 10.000 $ 8,000 Merchandise inwentory 48,375 materials Inventory 45,375 Work in process inventory 33,000 Finished goods inventory 53,000 Accounts receivable, net 61,000 79,000 Prepaid expenses 4.500 900 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser 20. & 2b. Prepare the current asset section of the balance sheet at December 31 for each company Complete this question by entering your answers in the tabs below. Reg 1 Ren 2A Reg 28 Prepare the current asset section of the balance sheet at December 31 for Company 1. Current Section of Balance Sheet December 31 Totul current assets
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