Exercise 14-7 Balance sheet identification and preparation LO C4 Current assets for two different companies at fiscal year-end are listed here. One is a manufacturer, Rayzer Skis Mig, and the other, Sunrise Foods, is a grocery distribution company Account Conpany Company 2 Cash $ 6,000 $ 4,000 Raw materials inventory 34,375 Merchandise inventory 37,375 Work in process inventory 25,000 Finished goods Inventory 45,000 Accounts receivable, net 56,000 77,000 Prepaid expenses 3,000 600 Required: 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser 20. & 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 2 Red 2B Nex toft ED Finished goods inventory Accounts receivable, net Prepaid expenses 22.000 45,000 56,000 3,890 77,000 600 Required: 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser. 20. & 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 Red 2A Req 2B 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 merchandiser Req2 > Proy Next Te to search o a 9 #3 4 5 6 00 99 E LY T T F G H K Soved 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 Req 2B Prepare the current asset section for Company 1 from this information Sunrise Foods Balance Sheet-Current Asset Section Fiscal Year-end Total current assets PE 101 M to search a TI de 92 a 96 3 6. 9 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 Req 2B Prepare the current asset section for Company 2 from this information, Rayzer Skis Mfg. Balance Sheet-Current Asset Section Fiscal Year-end ce Total current assets S Pre 1 of 1 Next