Exercise 18-8 (Algo) Preparing financial statements for a manufacturer LO P1

Prepare income statements for both Garcon Company and Pepper Company.

Prepare the current assets section of the balance sheet for each company.

Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] The following data is provided for Garcon Company and Pepper Company for the year ended December 31. Exercise 18-8 (Algo) Preparing financial statements for a manufacturer LO P1 1. Prepare income statements for both Garcon Company and Pepper Company. 2. Prepare the current assets section of the balance sheet for each company. Prepare the income statement for Garcon Company. Prepare the income statement for Pepper Company. Prepare the current asset section of the balance sheet for Garcon Company. Prepare the current asset section of the balance sheet for Pepper Company