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The following data is provided for Garcon Company and Pepper Company for the year ended December 3 1 . The following data is provided for
The following data is provided for Garcon Company and Pepper Company for the year ended December The following data is provided for Garcon Company and Pepper Company for the year ended December
Exercise Algo Preparing financial statements for a manufacturer LO P
Prepare income statements for both Garcon Company and Pepper Company.
Prepare the current assets section of the balance sheet for each company.
Complete this question by entering your answers in the tabs below.
Finished goods inventory, beginning
Work in process inventory, beginning
Raw materials inventory, beginning
Garcon
Company $
Pepper Company
$
Direct labor
Finished goods inventory, ending
Work in process inventory, ending
Raw materials inventory, ending
Factory utilities
General and administrative expenses
Indirect labor
RepairsFactory equipment Raw materials purchases
Selling expenses
Sales
Cash
Accounts receivable, net
Exercise Algo Preparing financial statements for a manufacturer LO P
Prepare income statements for both Garcon Company and Pepper Company.
Prepare the current assets section of the balance sheet for each company.
Complete this question by entering your answers in the tabs below.
Req Garcon Req Pepper Req
Garcon
Req Pepper
Prepare the current asset section of the balance sheet for Pepper Company.
PEPPER COMPANY
Balance SheetCurrent Assets Section
December
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