End-of-year current assets for two different companies follow. One is a manufacturer, Rayzer Skis Manufacturing, and...
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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 45,625 Company 2 $ 12,000 Аccount Cash Merchandise inventory Raw materials inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses 42,625 31,000 51,000 78,000 68,000 3,000 600 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. Req 1 Req 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? Req 1 Req 2A Req 2B Prepare the current asset section of the balance she Current Assets Section of Balance Sheet December 31 Total current assets Req 1 Req 2A Req 2B Prepare the current asset section of the balan Current Assets Section of Balance Sheet December 31 Total current assets 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 45,625 Company 2 $ 12,000 Аccount Cash Merchandise inventory Raw materials inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses 42,625 31,000 51,000 78,000 68,000 3,000 600 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. Req 1 Req 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? Req 1 Req 2A Req 2B Prepare the current asset section of the balance she Current Assets Section of Balance Sheet December 31 Total current assets Req 1 Req 2A Req 2B Prepare the current asset section of the balan Current Assets Section of Balance Sheet December 31 Total current assets
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Which of there company is a manufacturef Company2 4these compary in a merc... View the full answer
Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Posted Date:
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