Exercise $1-11($Algo$)$ Balance sheet identification and preparation LO P$1$

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.

Identify which set of numbers relates to the manufacturer and which to the merchandiser.

$2$a$.$ & $2$b$.$ 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 $1$

Prepare the current asset section of the balance sheet at December $31$ for Company $1.$

Current Assets Section of Balance Sheet

December $31$