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Seved 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
Seved 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 Cash Merchandise inventory Raw materials inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses Company 1 $13,000 Company 2 $11,000 41,500 38,500 28,000 48,000 58,000 3,000 83,000 600 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser. 26. & 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 Req 2A Req 28 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? Req 2A > Help Save & Exim Check Cash Account Merchandise inventory Raw materials inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses Company 1 $13,000 41,500 Company 2 $11,000 38,500 28,000 48,000 58,000 83,000 3,000 600 1. identify which set of numbers relates to the manufacturer and which to the merchandiser. 26. & 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 Req 2A Req 28 Prepare the current asset section of the balance sheet at December 31 for Company 1. Current Assets Section of Balance Sheet December 31 Total curant assets Help Save & Ch Raw materials inventory Work in process inventory Finished goods Inventory Accounts receivable, net Prepaid expenses 38,500 28,000 48,000 58,000 83,000 3,000 600 1. Identify which set of numbers relates to the manufacturer and which to the merchandiser 28. & 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 Req 2A Req 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 < Prev 2 of 6 Next > Check my
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