Business, 03.03.2020 16:40 Lena904

Merchandise accounts and computations LO C2. Kleiner Merchandising Company Accumulated depreciation $700 Beginning inventory 11,000 Ending Inventory 6,600Expenses 2,050 Net Purchases 13,500Net Sales 21,500 Krug Service Company Expenses $9,700 Revenues 26,000 Cash 900Prepaid rent 880 Accounts pavable 200 Equipment 2,500Required:A. Compute gross profit, the goods available for sale, and the cost of goods sold for the merchandiser. B. Use the above information from a service company and from a merchandiser to compute net income, Goods available for sale, Cost of goods sold, Gross profit a. b. Net income for Krug Service Company, Net income for Kleiner Merchandising Company.

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Merchandise accounts and computations LO C2. Kleiner Merchandising Company Accumulated depreciation...

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