Exercise 18-11 (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 1 2 Cash $ 14,000 12,000 Merchandise inventory 51,125 Raw materials inventory 48,125 Work in process inventory 35,000 Finished goods inventory 55,000 Accounts receivable, net 62,000 65,000 Prepaid expenses 3,000 600 1. Identify 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. Req 1 Reg 2A Reg 2B 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? Ree Req 2A > Exercise 18-11 (Algo) Balance sheet identification and preparation LO P1 2 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 Cash 14,000 12,000 Merchandise inventory 51,125 Raw materials inventory 48, 125 Work in process inventory 35,000 Finished goods inventory 55,000 Accounts receivable, net 62,000 65,000 Prepaid expenses 3,000 600 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser 2a. & 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 Req 2A Req 2B Prepare the current asset section of the balance sheet at December 31 for Company 1. Current Assets Section of Balance Sheet December 31 Total current assets $ 0 Exercise 18-11 (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 $ 14,000 12,000 Merchandise inventory 51,125 Raw materials inventory 48,125 Work in process inventory 35,000 Finished goods inventory 55,000 Accounts receivable, net 62,000 65,000 Prepaid expenses 3,000 600 1. Identify which set of numbers relates to the manufacturer and which to the merchandise 2a. & 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 28 Prepare the current asset section of the balance sheet at December 31 for Company 2. Current Assets Section of Balance Sheet December 31 Total current assets $ O
