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Please answer all parts for positive feedback :) End-of-year current assets for two different companies follow. One is a manufacturer, Rayzer Skis Manufacturing, and the
Please answer all parts for positive feedback :)
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. Company 1 $ 14,000 42,875 Company 2 $ 12,000 Account Cash Merchandise inventory Raw materials inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses 39,875 29,000 49,000 69,000 800 60,000 4,000 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 Reg 2A Req 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? Reg 1 Reg 2A Reg 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 assetsStep by Step Solution
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