Company A Company B Company C S Wages Expense 12 Administrative Expenses 4 Cash

Question

Company A Company B Company C S Wages Expense 12 Administrative Expenses 4 Cash Net Sales Revenue Finished Goods Inventory Cost of Goods Solo Selling Expenses Equipment Work-in-Process Inventory Accounts Receivable Cost of Goods Manufactured Administrative Expenses Raw Materials Inventory 32 Cash 8 Net Sales Revenue 65 Selling Expenses 34 Merchandise Inventory 2 Equipment 48 Equipment 10 Accounts Receivable 23 Service Revenue 4 Cash 7 Rent Expense 12 Accounts Receivable 19 14 Cost of Goods Sold 23

Explanation / Answer

1. Company A - Manufacturing Company

2. Company B - Service Company

3. Company C - Merchandising Company

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