Company A Company B Company C Cash Net Sales Revenue Finished Goods Inventory Co

Question

Company A Company B Company C Cash Net Sales Revenue Finished Goods Inventory Cost of Goods Sold Selling Expenses Equipment Work-in-Process Inventory Accounts Receivable Cost of Goods Manufactured Administrative Expenses Raw Materials Inventory $ 10 Wages Expense 45 Equipment $ 15Administrative Expenses 45Cash 10 Net Sales Revenue 54Selling Expenses 20Merchandise Inventory 18Equipment 6 5 Accounts Receivable 48 16 Service Revenue 9 8 Cash 60 Rent Expense 47 8 7 20 4 2 Accounts Receivable Cost of Goods Sold

Explanation / Answer

Company A Company B Company C Cash 10 20 11 Accounts Receivable 7 10 16 Finished goods inventory 5 Work in process inventory 8 Merchandise inventory 18 Raw materials inventory 2 Total current assets 32 30 45

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