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. Cash Account Merchandise inventory Raw materials inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses Req 1 Company 1 $ 15,000 48,375 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. Req 2A Total current assets Complete this question by entering your answers in the tabs below. 58,000 4,500 Red 28 $ Company 2 $ 13,000 45,375 33,000 53,000 84,000 900 Prepare the current asset section of the balance sheet at December 31 for Company 2. Current Assets Section of Balance Sheet December 31 0

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. Cash Account Merchandise inventory Raw materials inventory Work in process inventory Finished goods inventory Accounts receivable, net Prepaid expenses Req 1 Company 1 $ 15,000 48,375 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. Req 2A Total current assets Complete this question by entering your answers in the tabs below. 58,000 4,500 Red 28 $ Company 2 $ 13,000 45,375 33,000 53,000 84,000 900 Prepare the current asset section of the balance sheet at December 31 for Company 2. Current Assets Section of Balance Sheet December 31 0

Name: End-of-year current assets for two different companies follow. One is
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Description: 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.CashAccountMerchandise inventoryRaw materials inventoryWork in process inventoryFinished

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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