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I'm not sure if these are right, ALSO I need to know what to call the second to the bottom option for both's name. Thank
I'm not sure if these are right, ALSO I need to know what to call the second to the bottom option for both's name. Thank you in advance!
! Required information (The following information applies to the questions displayed below.) The following data is provided for Garcon Company and Pepper Company. Pepper Company $ 16,900 21,150 Garcon Company $ 12,900 17,200 9,800 29,000 24,000 18,350 23, 200 6,800 15,000 Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net 10,350 24,400 38,600 13,400 21,200 8, 200 13,750 3,400 12,700 31,500 1,550 5,180 40,500 64,800 234,030 29,000 257,500 14,400 48,000 7,780 1,850 61,500 57,700 317,510 20,200 145, 825 20,200 Required: 1. Prepare income statements for both Garcon Company and Pepper Company. 2. Prepare the current assets section of the balance sheet for each company. Complete this question by entering your answers in the tabs below. Req 1 Garcon Req 1 Pepper Reg 2 Garcon Req 2 Pepper Prepare the current asset section of the balance sheet for Pepper Company. PEPPER COMPANY Partial Balance Sheet As of December 31, 2019 Cash Accounts receivable, net Inventories: $ 20,200 20,200 $ 8,200 Raw materials inventory Work in process inventory Finished goods inventory Factory supplies 21,200 13,400 145,825 188,625 229,025 Ta Lastrost nasta $ Factory supplies Factory supplies Finished goods inventory Prepaid insurance Raw materials inventory Work in process inventoryStep by Step Solution
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