Question: 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



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 Company Company 22 Cash $ 6,000 $4. Merchandise Inventory 37,375 Raw materials inventory 14,375 Work in process inventory 25,000 Finished goods inventory 45,000 Accounts receivable, net 61,00 78,000 Prepaid expenses 3,000 600 1. Identity which set of numbers relates to the manufacturer and which to the merchandiser 20. & 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 Reg 28 Identity 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? 3 Reg Req2A > Prey 1 of 1 HE Next > Complete this question by entering your answers in the tabs below. Reg 1 Reg 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 current assets Prey 1 of 1 Next Complete this question by entering your answers in the tabs below. Reg 1 Req 2A Reg 2B 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
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
