Exercise 1-11(Algo) Balance sheet identification and preparation LO P1 End-of-year current assets for...

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Accounting

Exercise 1-11(Algo) Balance sheet identification and preparation LO P1
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.
2a.&2b. Prepare the current asset section of the balance sheet at December 31 for each company.
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